other
confidence high
sentiment neutral
materiality 0.10
Skillsoft files audited SPAC predecessor financials for Jan-Jun 2021
Skillsoft Corp.
- Filed audited financials of Churchill Capital Corp II for period Jan 1, 2021 to June 10, 2021.
- Net loss of $75.8M for the five-month period; operating costs $24.6M.
- Total assets $697.5M, mainly $697.0M held in trust account; total liabilities $226.0M.
- Filing required by registration rights agreements from the 2021 SPAC merger.
- No current financial or operational update for Skillsoft itself.