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Churchill Capital Corp II (NYSE: CCX.U) has announced that its stockholders approved the merger with Software Luxembourg Holding S.A. (Skillsoft) during a special meeting on June 10, 2021. Approximately 97.7% of votes cast, representing about 71.5% of outstanding shares, favored the merger. The transaction is expected to close on June 11, 2021, with the combined entity acquiring Albert DE Holdings Inc. (Global Knowledge). The new company will be named Skillsoft Corp., changing its ticker symbol to 'SKIL' on June 14, 2021.
Churchill Capital Corp II (NYSE:CCX) is set to merge with Software Luxembourg Holding S.A. (Skillsoft) on June 11, 2021. This merger will further its acquisition of Albert DE Holdings Inc. (Global Knowledge). Notably, Prosus cleared a $500 million strategic investment, which will lead to executive appointments, including Patrick Kolek as Chairperson. The company maintains its combined outlook for FY 2022, projecting Adjusted Gross Revenue between $645-675 million and Adjusted EBITDA of $155-175 million.
Skillsoft, a leader in digital learning, and Churchill Capital Corp II (CCX) announced a new executive leadership team following their merger. Effective June 11, 2021, the combined entity will operate under the Skillsoft name, trading as SKIL. CEO Jeffrey Tarr highlighted the leadership team's experience and vision for growth in corporate digital learning. The acquisition of Global Knowledge Training LLC is also planned, aiming to enhance Skillsoft's position in the training industry. The new executives bring diverse backgrounds from notable companies to propel Skillsoft forward.
Churchill Capital Corp II (CCX) announced a webinar featuring Jeff Tarr, incoming CEO of Skillsoft, and Larry Illg, CEO of Prosus EdTech, to discuss the pending merger with Global Knowledge Training LLC. This combination aims to form a leading global corporate digital learning company, enhancing their market position with comprehensive content offerings. The merger is expected to generate significant recurring revenue and serve a broad customer base, including 70% of Fortune 1000 companies. A Special Meeting for shareholders will take place on June 10, 2021.
Churchill Capital Corp II (NYSE: CCX.U) announced the SEC has declared effective its S-4 registration statement regarding its acquisition of Skillsoft. The definitive proxy statement/prospectus has been mailed to stockholders, with a special meeting scheduled for June 10, 2021, to approve the merger. The transaction is expected to close on June 11, 2021, pending stockholder approval. Churchill II's Board recommends voting 'FOR' the business combination. Skillsoft focuses on digital learning solutions, enhancing workforce skills for organizations globally.
Churchill Capital Corp II (CCX) has provided updates on its acquisition of Skillsoft and Global Knowledge. The Committee on Foreign Investment in the United States (CFIUS) approved Prosus N.V.'s $500 million investment, fulfilling the conditions for the merger. Skillsoft and Global Knowledge report FY 2021 financials exceeding expectations with $691 million in Adjusted Gross Revenue and $163 million in Adjusted EBITDA. The outlook for FY 2022 remains strong, projecting $645-675 million in Adjusted Gross Revenue. The transaction's completion is expected in June 2021.
Churchill Capital Corp II (NYSE: CCX) has announced a definitive merger agreement with Software Luxembourg Holding S.A. (Skillsoft) and plans to acquire Global Knowledge Training LLC. The new CEO of Skillsoft, Jeffrey Tarr, will participate in a fireside chat at the D.A. Davidson & Co. Consumer Growth Conference on March 11, 2021. Churchill raised $690 million in its IPO in June 2019, aiming to enhance its digital learning and talent management offerings. The SEC has been informed about these transactions, and stakeholders are encouraged to review the filed documents for comprehensive information.
Churchill Capital Corp II (NYSE:CCX) announced its merger with Skillsoft and acquisition of Global Knowledge, with plans for completion in Q2 2021. The combined entity will trade under the ticker symbol 'SKIL.' Investors can access a webcast of the analyst day presentation on their websites. Churchill raised $690 million in its IPO in June 2019 and aims to enhance digital learning solutions through Skillsoft. These transactions are subject to stockholder approval and regulatory conditions, potentially impacting business performance.
Churchill Capital Corp II (NYSE: CCX) has announced its upcoming participation in the 2021 ICR Conference alongside incoming CEO Jeff Tarr and interim CFO Todd Hyatt. This follows its definitive agreement to merge with Skillsoft, a leader in digital learning and talent management, and the acquisition of Global Knowledge, a top provider of IT training. With an IPO raising $690 million in June 2019, Churchill II is positioned for significant growth in the digital education space.
Churchill Capital Corp II (NYSE: CCX.U) announced an investor presentation accompanying its investor call on November 11, 2020. The presentation details Churchill II's merger with Skillsoft and acquisition of Global Knowledge. Churchill raised $690 million in its IPO in June 2019 and is based in New York. Investors can join the conference call scheduled for 1:30 PM EDT. Churchil will be filing a registration statement with the SEC for the proposed merger. For more information, access the investor presentation and call links provided in the announcement.
