Item 8.01 Other Events.
As previously announced, in connection with the proposed business combination
among EdtechX Holdings Acquisition Corp., a Delaware corporation ("EdtechX"),
Meten EdtechX Education Group Ltd., a Cayman Islands exempted company
("Holdco"), Meten Education Inc., a Delaware corporation and wholly owned
subsidiary of Holdco, Meten Education Group Ltd., a Cayman Islands exempted
company and wholly owned subsidiary of Holdco, and Meten International Education
Group, a Cayman Islands exempted company (the "Meten"), and pursuant to the
Forward Purchase Agreement dated June 18, 2018 ("Forward Purchase Agreement")
between EdtechX and Azimut Enterprises S.r.l. ("Azimut"), on December 12, 2019,
Azimut irrevocably consented to purchase, in a private placement to occur
concurrently with the consummation of the business combination, up to 2,000,000
of units of EdtechX at $10.00 per unit (or up to an aggregate purchase price of
$20,000,000), on substantially the same terms as the sale of units in EdtechX's
initial public offering, with the exact number of units to be purchased to be
determined by EdtechX and Holdco.
On February 26, 2020, EdtechX and Holdco jointly notified Azimut that Azimut
would be required to purchase 2,000,000 units of EdtechX, for an aggregate
investment of $20,000,000, upon the closing of the business combination,
representing the full amount of Azimut's investment under the Forward Purchase
Agreement.
© Edgar Online, source Glimpses
EDTECHX HOLDINGS ACQUISITION CORP. 
