8-K 1 ea148757-8k_edtechxholdings2.htm CURRENT REPORT

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

 

FORM 8-K

CURRENT REPORT

 

PURSUANT TO SECTION 13 OR 15(D) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): October 12, 2021

 

EdtechX Holdings Acquisition Corp. II

(Exact Name of Registrant as Specified in Charter)

 

Delaware  001-39792  85-2190936
(State or Other Jurisdiction  (Commission  (IRS Employer
of Incorporation)  File Number)  Identification No.)

 

22 Soho Square, London, W1D 4NS, United Kingdom

(Address of Principal Executive Offices) (Zip Code)

 

(44) 207 070 7080

(Registrant’s Telephone Number, Including Area Code)

 

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e 4(c))

 

Securities registered pursuant to section 12(b) of the Act:

 

Title of Each Class  Trading Symbol(s)  Name of each exchange on
which registered
Units, each consisting of one share of Class A Common Stock and one-half of one redeemable warrant  EDTXU  The Nasdaq Stock Market LLC
Class A Common Stock, par value $0.0001 per share  EDTX  The Nasdaq Stock Market LLC
Redeemable warrants, each whole warrant exercisable for one share of common stock at an exercise price of $11.50 per share  EDTXW  The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☒

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. 

 

 

 

 

 

 

Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

 

On October 12, 2021, EdtechX Holdings Acquisition Corp. II (the “Company”) received a written notice (the “Notice”) from the Listing Qualifications Department of the Nasdaq Stock Market (“Nasdaq”) indicating that due to the previously announced resignation of Michael Longoni from the Company’s board of directors and audit committee, the Company no longer complies with Nasdaq’s independent director and audit committee requirements as set forth in Nasdaq Listing Rule 5605 (the “Rule”). In particular, the Rule requires that listed companies (i) have a board of directors the majority of whom are independent directors, and (ii) have an audit committee of the board of directors comprised of at least three directors, all of whom must be independent directors. Due to Mr. Longoni’s resignation, which as previously announced was not due to any disagreement with the Company on any matter relating to the Company’s operations, policies, or practices (financial or otherwise), the Company is not currently in compliance with these requirements.

 

Consistent with Nasdaq Listing Rules 5605(b)(1)(A) and 5605(c)(4), Nasdaq will provide the Company a cure period in order to regain compliance, which cure period shall last either (i) until the earlier of the Company’s next annual shareholders’ meeting or October 1, 2022, or (ii) if the next annual shareholders’ meeting is held before March 30, 2022, then the Company must evidence compliance no later than March 30, 2022.

 

Neither the Notice nor this notification have any immediate effect on the listing of the Company's securities on Nasdaq. The Company is considering independent directors to replace Mr. Longoni on the board and the audit committee and both intends and expects to regain compliance with the Rule within the above-described cure period. There can be no assurance, however, that the Company will be able to regain compliance with the listing requirements discussed above or otherwise satisfy the other Nasdaq listing criteria.  

 

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SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated: October 15, 2021

 

 EdtechX Holdings Acquisition Corp. II
   
By:/s/ Benjamin Vedrenne-Cloquet
  Name:  Benjamin Vedrenne-Cloquet
  Title: Chief Executive Officer

 

 

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