Promethean set to operate as a standalone company with new merger agreement

Company plans to merge with gravitas education holdings, inc. to deliver greater strategic and operational focus seattle , april 19, 2023 /prnewswire/ --  promethean , a leading global education technology company, announced today that its parent company, netdragon websoft holdings limited, has approved a plan and entered into the related agreements to spin off the promethean group of entities into a separate company that will subsequently merge with gravitas education holdings, inc., a public company. following the merger, expected to be completed in q3, promethean will benefit from operating as a standalone company separate from netdragon, listed on the nyse, with a distinct board and management team of world-class leaders focused on driving shareholder value.
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