Skillsoft completes 1-for-20 reverse stock split to maintain NYSE listing

Skillsoft Corp.

Reverse stock split effective 5:00pm ET Sept 29, 2023 at 1-for-20 ratio.
Common stock begins trading on split-adjusted basis Oct 2 under symbol SKIL; new CUSIP 83066P309.
Every 20 shares combined into 1; fractional shares paid in cash; no change in par value.
Warrants adjusted: exercise price raised from $11.50 to $230.00 per share post-split.
Company states split aims to broaden institutional investor base and maintain NYSE listing.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Skillsoft Corp.: Certificate of Amendment filed to effect a 1-for-20 reverse stock split of Class A common stock (effective 2023-09-29).

Change: charter amendment
Effective: 2023-09-29

Exact text from the filing

On September 29, 2023, Skillsoft Corp. (the “Company”) filed a Certificate of Amendment to the Company’s Certificate of Incorporation, as amended (the “Amendment”) with the Secretary of State of the State of Delaware pursuant to Delaware law to effect a 1-for-20 reverse stock split (the “Reverse Stock Split”) of the Company’s issued and outstanding shares of Class A common stock, par value $0.0001 per share (the “Common Stock”).

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Skillsoft Corp. filing history →

Source: SEC EDGAR

accession 0001437749-23-027193

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