secwatch.observer — SEC 8-K summary
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Issuer:     Skillsoft Corp. (SKIL)
CIK:        0001774675
Form:       8-K
Filed at:   2023-09-19T23:59:59+00:00
Accession:  0001437749-23-026315
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Skillsoft announces 1-for-20 reverse stock split effective Sep 29; trading begins Oct 2
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- Reverse stock split ratio of 1-for-20 approved by board; every 20 shares become 1 share.
- Effective at 5:00 p.m. ET on Sep 29; split-adjusted trading starts Oct 2 under new CUSIP 83066P309.
- Warrant exercise price adjusted to $230.00 per share (20 × $11.50); fractional shares paid in cash.
- Intended to raise per-share price and attract broader institutional investors.
- All outstanding options, RSUs, and warrants proportionately adjusted; no change in ownership percentages.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1774675/000143774923026315/0001437749-23-026315-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1774675/000143774923026315/skil20230915_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-026315

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