Skillsoft Completes Reverse Stock Split
30 9월 2023 - 6:05AM
Business Wire
Skillsoft (NYSE: SKIL) (“Skillsoft” or the “Company”), a leading
platform for transformative learning experiences, today announced
that it has completed the previously announced reverse stock split
of its common stock at a ratio of 1-for-20. The reverse stock split
became effective at 5:00 p.m. Eastern Time today, and the Company’s
common stock will begin trading on a split-adjusted basis at the
market open on October 2, 2023.
By increasing the per-share price of the Company’s common stock,
the reverse stock split is intended to make Skillsoft more
attractive to a broader group of institutional investors and, in
turn, maintain our New York Stock Exchange listing and increase the
stability of the common stock price and enhance trading liquidity
through the entry of new buyers.
As a result of the reverse stock split, every 20 shares of
Skillsoft’s issued and outstanding common stock were automatically
combined into one issued and outstanding share of Skillsoft common
stock, without any change in the par value per share. The reverse
stock split affects all stockholders uniformly, and it does not
affect any stockholder's ownership percentage of the Company’s
shares, with the exception of those stockholders receiving cash in
lieu of fractional shares.
Stockholders owning shares of the Company’s common stock via a
bank, broker, or other nominee will have their positions
automatically adjusted to reflect the reverse stock split and will
not be required to take further action in connection with the
reverse stock split, subject to such intermediary’s particular
processes.
Skillsoft’s common stock will continue trading on the New York
Stock Exchange under the symbol “SKIL”, and the CUSIP number for
the Company’s common stock following the reverse stock split is
83066P309. The Company’s public warrants, with a split-adjusted
exercise price, will continue to trade on the New York Stock
Exchange under the symbol “SKIL.WS”.
Additional information about the reverse stock split can be
found in Skillsoft’s Current Report on Form 8-K filed with the U.S.
Securities and Exchange Commission on September 29, 2023 and
September 19, 2023, respectively, and Skillsoft’s definitive proxy
statement on Schedule 14A filed with the U.S. Securities and
Exchange Commission on May 26, 2023.
About Skillsoft
Skillsoft (NYSE: SKIL) delivers transformative learning
experiences that propel organizations and people to grow together.
The Company partners with enterprise organizations and serves a
global community of learners to prepare today’s employees for
tomorrow’s economy. With Skillsoft, customers gain access to
blended, multimodal learning experiences that do more than build
skills – they grow a more capable, adaptive and engaged workforce.
Through a portfolio of best-in-class content, a platform that is
personalized and connected to customer needs, world-class
technology and a broad ecosystem of partners, Skillsoft drives
continuous growth and performance for employees and their
organizations by overcoming critical skill gaps and unlocking human
potential. Learn more at www.skillsoft.com.
Cautionary Notes Regarding Forward-Looking Statements
This press release includes “forward-looking statements” within
the meaning of applicable securities laws, which are statements
that are not historical facts, including statements that relate to
possible effects of the reverse stock split. These forward-looking
statements are based on our current expectations and are subject to
risks and uncertainties, which may cause actual results to differ
materially from our current expectations. Factors that could cause
such differences can be found in our Form 10-K for the year ended
January 31, 2023, as well as our subsequent reports on Form 10-Q
and other SEC filings. New risks and uncertainties arise from time
to time, and it is impossible for us to predict these events or how
they may affect the Company. We assume no obligation to update
these forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20230929938800/en/
Investors and Media
Chad W. Lyne SVP, Strategic Finance & Investor Relations
Officer chad.lyne@skillsoft.com
Skillsoft (NYSE:SKIL)
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