secwatch.observer — SEC 8-K summary
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Issuer:     Skillsoft Corp. (SKIL)
CIK:        0001774675
Form:       8-K
Filed at:   2023-09-29T23:59:59+00:00
Accession:  0001437749-23-027193
Event type: other_material
Sentiment:  positive
Materiality: 0.50
Item codes: 3.03, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1774675/000143774923027193/0001437749-23-027193-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1774675/000143774923027193/skil20230926_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-027193

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