M&A
confidence high
sentiment neutral
materiality 0.40
Skillsoft updates prior period financials to reflect SumTotal sale as discontinued operations
Skillsoft Corp.
- Completed disposition of 100% of SumTotal equity to Cornerstone OnDemand on Aug 15, 2022.
- SumTotal's operating results reclassified as discontinued operations for all periods in Q1 FY23 10-Q.
- This filing updates segment disclosure and held-for-sale presentation; no other changes to prior filing.
- Sale was previously announced; this 8-K is solely to reflect retrospective reclassification.