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On June 11, 2021, Churchill Capital Corp II (NYSE: CCX.U) announced the successful completion of its merger with Software Luxembourg Holding S.A. and the acquisition of Albert DE Holdings Inc. (Global Knowledge). The combined entity will operate as Skillsoft Corp. and trade under the new ticker symbol SKIL starting June 14, 2021. This merger positions Skillsoft as a leading force in the digital learning sector, boasting approximately 70% of Fortune 1000 clients and over 45 million users. The merger is expected to enhance top-line growth and leverage a significantly reduced debt structure.
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.
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 (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.
On November 10, 2020, Three Keys Capital Advisors announced it co-advised Global Knowledge Training on its sale to Churchill Capital Corp II (NYSE:CCX.U) for approximately $233 million. This transaction, part of the merger with Skillsoft, aims to create a leading global digital learning company, enhancing content offerings and learning modalities. The advisory was led by prominent figures including David Braunschvig and Gui Silva, emphasizing the strategic nature of this acquisition.
Churchill Capital Corp II (NYSE: CCX.U) has announced a merger with Skillsoft, valued at $1.3 billion, and an acquisition of Global Knowledge for $233 million, totaling $1.5 billion. The combined entity will operate as Skillsoft, bolstering its position in the digital learning market with over 70% of Fortune 1000 clients and 45 million users. This strategic move aims to enhance digital training offerings and expand market reach amidst growing demand for IT skills development. The transaction is expected to close in January 2021, following shareholder approval and regulatory clearance.
