Skillsoft Corp.

Skillsoft Corp. completed the sale of Global Knowledge Training LLC (its instructor-led training subsidiary operating under the Global Knowledge brand) to EHJob GP LLC (an affiliate of Enduring Ventures) on July 6, 2026, pursuant to a Sale and Purchase Agreement signed May 20, 2026. The transaction yielded approximately $5.4 million in initial cash consideration after working-capital adjustments, subject to a final post-closing true-up. This is a significant divestiture of Skillsoft's legacy instructor-led training business for only ~$5.4M, reflecting challenged market demand; it simplifies the portfolio but the low price signals weak underlying asset value.

Skillsoft Corp. announced via Reg FD that the NYSE accepted the company's submitted business plan to regain compliance with NYSE continued listing standard 802.01B (minimum market capitalization/stockholders' equity), as disclosed in a July 8, 2026 press release. This is a positive compliance development — NYSE accepting the plan removes the immediate delisting risk, though Skillsoft must now execute the recovery plan; the underlying financial weakness that triggered the non-compliance remains.

Skillsoft shareholders at the 2026 Annual Meeting (June 25, 2026) approved the Second Amendment to the 2020 Omnibus Incentive Plan, increasing the share reserve by 550,000 shares to 4,305,658 total shares. The Board had approved the amendment subject to shareholder approval on March 25, 2026. The 550K share increase provides Skillsoft with additional equity compensation capacity; the filing also reports routine annual meeting vote outcomes including director elections.

Skillsoft received clearance from Saudi Arabia's General Authority for Competition on June 18, 2026, completing all required regulatory approvals for the pending sale of its Global Knowledge business to EHJob GP LLC. The transaction is now subject only to customary closing conditions; Skillsoft expects the deal to close in its current fiscal second quarter. This is the final regulatory hurdle cleared — deal close is now imminent.

Skillsoft Corp. reported financial results for its fiscal Q1 2026 (ended April 30, 2026) on June 9, 2026, with results and commentary in a press release (Exhibit 99.1) and an earnings supplement presentation posted to its investor relations website. Specific revenue, operating income, and EPS figures are in the attached exhibits. This is a routine quarterly earnings disclosure.

Skillsoft Corp. received an initial Form 3 from Ronald W. Kisling, newly appointed CFO, as of May 19, 2026. No common shares are reported in Table I; the form covers derivative security holdings not fully visible in the excerpt. Routine Section 16(a) officer disclosure filed shortly after Kisling's appointment as CFO.

Skillsoft appointed Ronald Kisling as CFO effective May 20, 2026, replacing retiring CFO John Frederick. Kisling (age 65) previously served as CFO of Fastly (2021-2025) and Fitbit (2018-2021), bringing cloud-software and consumer-tech financial leadership experience. Frederick will serve as an advisor through September 4, 2026 under a transition agreement. This is a planned CFO transition with an overlap period ensuring continuity — Kisling's tech-sector background aligns with Skillsoft's digital learning platform.

Skillsoft signed a Sale and Purchase Agreement on May 20, 2026 with EHJob GP LLC to sell its Global Knowledge training business for approximately $10 million in initial consideration (subject to working capital adjustments), funded through company cash, a seller note, and/or third-party financing. The seller note is payable to Skillsoft on a schedule described in the SPA. Skillsoft retains the broader corporate learning platform; Global Knowledge is the instructor-led training segment. The $10M price for a training business suggests a distressed-asset sale at a significant discount to prior valuations.