Amesite Inc. (NASDAQ: AMST), an AI-driven platform and course designer that provides customized, high-performance and scalable online products for schools and businesses, is part of a growing sector. Nerdy, a similar online learning platform, recently announced that it had agreed to go public through a merger with a blank-check company backed by private equity firm TPG Pace Tech Opportunities Corp. (NYSE: PACE). The announcement noted that, once the transaction with TPG is complete, Nerdy will have equity value of approximately $1.7 billion. The agreement will provide up to $750 million in cash proceeds, including $150 million in an oversubscribed private investment in public equity, or PIPE. Franklin Templeton, Healthcare of Ontario Pension Plan, Koch Industries and Learn Capital were announced as PIPE investors. Following the completion of the transaction, which is scheduled for early in the Q2 2021, it is anticipated that Nerdy will trade on the New York Stock Exchange under the symbol NRDY. “We are the only company that has figured out how to scale high-quality live instruction through a platform,” said Nerdy founder and CEO Chuck Cohn in the press release.
To view the full article, visit https://ibn.fm/wkDkh
About Amesite Inc.
Amesite is a high-tech artificial intelligence software company offering a cloud-based platform and content creation services for business, university and K-12 learning and upskilling. Amesite-offered courses and programs are branded to our customers. For more information about the company, please visit www.Amesite.com.
About MissionIRNewsBreaks
MissionIRNewsBreaks provide a rapid summary of corporate news that catch the attention of MissionIR. MissionIRNewsBreaks are created by our Team of professional journalists that keep a constant eye on the markets, these posts are designed to inform you on the latest happenings of our clients and other publicly traded companies on our radar. From earnings, acquisitions and agreements to conference attendance and clinical study results, our news breaks keep you up-to-date with the day’s top movers. MissionIR is primarily focused on strategic communications. We have executed countless communications programs to address the needs of companies ranging from start-ups to established industry leaders, gaining valuable experience and the expertise necessary to determine the most effective strategy for any given situation.
MissionIR (MIR)
Atlanta, Georgia
www.MissionIR.com
404.941.8975 Office
Editor@MissionIR.com
Please see full terms of use and disclaimers on the Mission Investor Relations website applicable to all content provided by MIR, wherever published or re-published: http://www.missionir.com/disclaimer.html
