---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-017991"
form_type: "8-K"
ticker: "SKIL"
cik: "0001774675"
company_name: "Skillsoft Corp."
filed_at: "2026-05-21T10:57:55+00:00"
generated_at: "2026-05-21T11:03:35.695942+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Skillsoft sells Global Knowledge ILT business to Enduring Ventures; up to $20M total consideration

## Summary
- Initial consideration $10M (funded by cash, seller note, or third-party); deferred consideration up to $8M net, payable in 5 quarterly installments.
- Net proceeds expected $5M–$8M over ~2 years, after cash divested and transaction costs; seller note secured by cash/AR.
- CEO states deal immediately accretive to growth, earnings, and cash flow; Skillsoft sharpens focus on AI-native skills platform.
- Transaction expected to close in Q2 fiscal 2027, subject to Saudi Arabian regulatory approval and customary conditions.
- Strategic partnership to continue: Skillsoft retains access to ILT; Global Knowledge retains access to Skillsoft platform.

## SEC filing metadata
- accession: 0001437749-26-017991
- form_type: 8-K
- ticker: SKIL
- cik: 0001774675
- company_name: Skillsoft Corp.
- filed_at: 2026-05-21T10:57:55+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1774675/000143774926017991/0001437749-26-017991-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1774675/000143774926017991/skil20260520_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-017991
- JSON: https://secwatch.observer/filing/0001437749-26-017991.json
- Plain text: https://secwatch.observer/filing/0001437749-26-017991.txt

## Key facts
- Material Agreements
  Skillsoft Corp. entered into Sale and Purchase Agreement with EHJob GP LLC valued at $10,000,000 (effective 2026-05-20).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: EHJob GP LLC
  - Value: $10,000,000
  - Effective: 2026-05-20
  source text: On May 20, 2026, Skillsoft Corp., a Delaware corporation (“Skillsoft”), entered into a Sale and Purchase Agreement, (the “SPA”), by and between GK Holdings, Inc, a Delaware corporation and wholly-owned subsidiary of Skillsoft (“Seller”) and EHJob GP LLC, a Delaware limited liability company (“Purchaser”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1774675/000143774926017991/0001437749-26-017991-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.