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Skillful Craftsman extends note maturity to Sept 2026

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Skillful Craftsman Education Technology Limited reports that on June 25, 2026 it signed a Second Amendment Agreement to its Promissory Note Purchase Agreement with a major shareholder and two board members. The change extends the maturity of certain promissory notes from March 31, 2026 to September 30, 2026.

Under the amended terms, the full outstanding principal of these notes, plus any accrued and unpaid interest, will now be due on September 30, 2026. The company also amended and restated the notes to reflect this new maturity date.

Positive

  • None.

Negative

  • None.

Insights

Maturity extension with related parties modestly eases near-term pressure.

Skillful Craftsman has renegotiated certain promissory notes held by a major shareholder and two board members. The maturity moves from March 31, 2026 to September 30, 2026, keeping principal and accrued interest due at the new date.

This change is a refinancing of timing rather than a new borrowing, as the filing highlights only a revised due date and amended and restated notes. It modestly shifts liquidity needs later into 2026, but the ultimate repayment obligation remains.

The notes involve insiders, so future filings detailing any further changes to terms or repayment will help clarify how the company manages obligations linked to its major shareholder and directors over the period through September 30, 2026.

Original maturity date March 31, 2026 Original maturity of certain promissory notes before amendment
Amended maturity date September 30, 2026 New maturity of amended and restated promissory notes
Second Amendment Agreement date June 25, 2026 Execution date of Second Amendment Agreement to Promissory Note Purchase Agreement
Second Amendment Agreement regulatory
"entered into the Second Amendment Agreement to Promissory Note Purchase Agreement"
Promissory Note Purchase Agreement financial
"Second Amendment Agreement to Promissory Note Purchase Agreement with Mr. Xuejun Ji"
Amended Maturity Date financial
"from March 31, 2026 to September 30, 2026 (the “Amended Maturity Date”)"
Second Amended and Restated Notes financial
"the “Second Amended and Restated Notes”"
foreign private issuer regulatory
"FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER"
A foreign private issuer is a company organized outside the United States that meets tests showing it is primarily foreign-controlled and therefore qualifies for a different set of U.S. reporting rules. For investors, that means the company files less frequent or differently formatted disclosures with U.S. regulators and may follow home-country accounting and governance practices, so buying its stock is like dining at a well-reviewed restaurant that follows its home kitchen’s rules instead of the local menu — you get access but should check what standards apply.

FAQ

What did Skillful Craftsman Education Technology (EDTK) change in this 6-K?
Skillful Craftsman extended the maturity of certain promissory notes held by insiders. The due date moved from March 31, 2026, to September 30, 2026, with all outstanding principal and any accrued interest payable in full on the new date.

Who are the purchasers involved in Skillful Craftsman’s amended promissory notes?
The notes are held by a major shareholder, Mr. Xuejun Ji, director Mr. Peng Wang, and Chairman and CEO Mr. Bin Fu. These three individuals are collectively referred to as the purchasers in the amended Promissory Note Purchase Agreement disclosed by Skillful Craftsman.

What is the new maturity date of Skillful Craftsman’s amended notes?
The amended and restated promissory notes now mature on September 30, 2026. On that date, the company must pay the entire outstanding principal amount, together with any accrued and unpaid interest, under the Second Amended and Restated Notes.

How does the Second Amendment Agreement affect Skillful Craftsman’s payment obligations?
The agreement delays when payment is due but keeps the obligation. All outstanding principal and any accrued, unpaid interest on the affected promissory notes will now be payable in full on September 30, 2026, instead of March 31, 2026.

Why is Skillful Craftsman’s promissory note amendment relevant for EDTK investors?
The amendment adjusts the timing of repayment obligations to insiders, moving the due date to September 30, 2026. This affects when cash must be used to retire these notes, which can influence the company’s short-term liquidity planning and financial flexibility during 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM 6-K

 

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13A-16 OR 15D-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of July 2026

 

Commission file number: 001-39360

 

 

 

SKILLFUL CRAFTSMAN EDUCATION TECHNOLOGY LIMITED

 

 

 

7th Floor, West Lobby, Building 7B

Shenzhen Bay Science and Technology Ecological Park

Nanshan District, Shenzhen, Guangdong Province, China

(Address of Principal Executive Offices)

 

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F: Form 20-F ☒ Form 40-F ☐

 

 

 

 

 

 

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

 

On June 25, 2026, Skillful Craftsman Education Technology Limited, a Cayman Islands exempted company with limited liability (the “Company”), entered into the Second Amendment Agreement (the “Second Amendment Agreement”) to Promissory Note Purchase Agreement (the “Original Agreement”) with Mr. Xuejun Ji, a major shareholder of the Company, Mr. Peng Wang, a director of the Board of the Company (the “Board”) and Mr. Bin Fu, Chairman of the Board and Chief Executive Officer of the Company (collectively, the “Purchasers”). The Second Amendment Agreement is to amend the Original Agreement dated September 24, 2024, amended on December 19, 2025, to further extend the maturity date of certain promissory notes issued to the Purchasers (the “Notes”) for six more months from March 31, 2026 to September 30, 2026 (the “Amended Maturity Date”). Pursuant to the Second Amendment Agreement, the entire outstanding principal amount of the Notes, together with any accrued and unpaid interest thereon, if any, shall be due and payable in full on the Amended Maturity Date. Pursuant to the Second Amendment Agreement, the Company also amended and restated the Notes to extend the maturity date of such Notes from March 31, 2026 to September 30, 2026 (the “Second Amended and Restated Notes”). The foregoing description of the Second Amendment Agreement and the Second Amended and Restated Notes does not purport to be complete and is qualified in its entirety by reference to the complete text of the Second Amendment Agreement and Form of the Second Amended and Restated Notes, copies of which are filed as exhibits hereto and are incorporated herein by reference.

 

Exhibits Index

 

Exhibit No.

   Description
10.1   The Second Amendment Agreement to Promissory Note Purchase Agreement by and Between the Company and Purchasers dated June 25, 2026.
10.2   Form of the Second Amended and Restated Promissory Notes

 

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  SKILLFUL CRAFTSMAN EDUCATION TECHNOLOGY LIMITED
  (Registrant)
     
  By: /s/ Bin Fu
  Name: Bin Fu
  Title: Chief Executive Officer

 

Date: July 1, 2026

 

 

 

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

2 documents

Agreements & Contracts