EdtechX Holdings Acquisition (NASDAQ:EDTX) stock is on the rise Thursday after the company announced the results from a special shareholder meeting.
According to a filing from the company, investors have approved an extension to its deadline to find a merger candidate. With this vote, stockholders have extended that date from June 15, 2023 to Dec. 15, 2023.
In addition, that date could also be extended to March 15, 2024 if EdtechX files a Form S-4 for its proposed business combination with zSpace. This is the entity that the special purpose acquisition company (SPAC) intends to take public. It focuses on augmented reality (AR) and virtual reality (VR) learning experiences.
EdtechX notes that it does intend to file a Form S-4 with the U.S. Securities and Exchange Commission (SEC). The company is also planning for a presentation for certain shareholders and potential investors. It wants to drum up support in connection to its planned merger with zSpace.
EDTX Stock Movement on Thursday
With today’s news comes heavy trading of EDTX stock. As of this writing, more than 267,000 shares have changed hands. That’s a massive surge in trading volume compared to the company’s daily average of only about 1,500 shares.
EDTX stock is up 89.3% as of Thursday morning.
Investors looking for even more of the most recent stock market news will want to keep reading!
We have all of the biggest stock market stories that traders need to know about on Thursday! Among these is what has shares of Mullen Automotive (NASDAQ:MULN) stock moving today, the biggest pre-market stock movers from this morning and other news. You can catch up on all of these happenings at the following links!
More Stock Market News for Thursday
- Why Is Mullen Automotive (MULN) Stock Up 7% Today?
- Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Thursday
- SOFI Stock Alert: BTIG Just Set a New Street-High Price Target
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On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
