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Saudi regulator clears Skillsoft (NYSE: SKIL) Global Knowledge sale

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Skillsoft Corp. announced that Saudi Arabia’s General Authority for Competition has approved the previously announced sale of its Global Knowledge business. With this approval, all required regulatory clearances for the transaction have been obtained. The deal is still subject to customary closing conditions, and Skillsoft currently expects it to close in the second fiscal quarter.

Positive

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Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Regulation FD Disclosure regulatory
"Section 7 - Regulation Item 7.01. Regulation FD Disclosure."
Regulation FD disclosure requires public companies to share important, market-moving information with everyone at the same time instead of tipping off analysts or large investors first. Think of it as making sure all players on a field hear the same announcement simultaneously; that fairness helps investors trust that stock prices reflect the same information and reduces the risk of sudden, unfair trading advantages or regulatory penalties for selective leaks.
General Authority for Competition of Saudi Arabia regulatory
"has received approval from the General Authority for Competition of Saudi Arabia clearing the previously announced"
forward-looking statements regulatory
"includes statements that are, or may be deemed to be, “forward-looking statements” within the meaning"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
customary closing conditions financial
"Completion of the Transaction remains subject to the satisfaction or waiver of customary closing conditions."
"Customary closing conditions" are standard rules or checks that must be met before a business deal can be finalized, like making sure all paperwork is in order or that certain approvals are obtained. They matter because they help protect both parties, ensuring everything is in place and reducing the risk of surprises or problems after the deal is closed.
emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
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false 0001774675 0001774675 2026-06-18 2026-06-18
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
FORM 8-K
CURRENT REPORT
 ​
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
 ​
Date of Report (Date of earliest event reported): June 18, 2026
 
Skillsoft Corp.
(Exact name of registrant as specified in its charter)
 ​
Delaware
001-38960
83-4388331
(State or other
jurisdiction of
incorporation)
(Commission File
Number)
(I.R.S. Employer
Identification No.)
 ​
300 Innovative WaySuite 2210
NashuaNH 03062
(Address of principal executive offices)
 ​
(603324-3000
Registrant’s telephone number, including area code
 ​
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
​Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
 
Trading 
Symbol
 
Name of each exchange on which registered
Class A common stock, $0.0001 par value per share
 
SKIL
 
New York Stock Exchange
 ​
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
Emerging growth company 
 
​If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 

 
Section 7 - Regulation FD 
 
Item 7.01.          Regulation FD Disclosure.
 ​
On June 18, 2026, Skillsoft Corp., a Delaware corporation (“Skillsoft”) was informed that EHJob GP LLC has received approval from the General Authority for Competition of Saudi Arabia clearing the previously announced pending sale of Skillsoft’s Global Knowledge business (the “Transaction”). As a result, all required regulatory approvals and clearances for the pending Transaction have been obtained.
 
Completion of the Transaction remains subject to the satisfaction or waiver of customary closing conditions. The Company currently expects the Transaction to close in the second fiscal quarter.
 
The information furnished with this Item 7.01 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act.
 
Forward-Looking Statements
 
This Current Report on Form 8-K includes statements that are, or may be deemed to be, “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. For all such statements, we claim the protection of the safe harbor for forward-looking statements provided by such sections and the Private Securities Litigation Reform Act of 1995, where applicable. All statements, other than statements of historical facts, are forward-looking statements. These forward-looking statements include, but are not limited to, statements that address activities, events or developments that we expect or anticipate may occur in the future, including statements with respect to the expected timeline for completing the Transaction. Forward-looking statements may, without limitation, be preceded by, followed by, or include words such as “may,” “will,” “would,” “anticipate,” “believe,” “estimate,” “expect,” “intend,” “potential,” “possible,” “pending,” or similar expressions, employ such future or conditional verbs as “may,” “might,” “will,” “could,” “should,” or “would,” or may otherwise be indicated as forward-looking statements by grammatical construction, phrasing or context. Such statements are based upon the current beliefs and expectations of Skillsoft’s management and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements. All forward-looking disclosures are speculative by their nature, and we caution you against unduly relying on these forward-looking statements.
 
Factors, many of which are beyond our control, that could cause or contribute to such differences include those described under “Part I - Item 1A. Risk Factors” and “Part II, Item 7 - Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Form 10-K for the fiscal year ended January 31, 2026 (“2026 Form 10-K”) as well as “Part II – Item 1A. Risk Factors and Item 7. MD&A” in our Quarterly Report on Form 10-Q for the quarter ended April 30, 2026 (“Q1 2027 Form 10-Q”). These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements included in the 2026 Form 10-K, Q1 2027 Form 10-Q, in this report and in our other periodic filings with the Securities and Exchange Commission (“SEC”). The forward-looking statements contained in this document represent our estimates only as of the date of this report and should not be relied upon as representing our estimates as of any subsequent date. While we may elect to update these forward-looking statements in the future, we specifically disclaim any obligation to do so, whether to reflect actual results, changes in assumptions, changes in other factors affecting such forward-looking statements, or otherwise, except as required by law. You are advised, however, to review any further factors and risks we describe in reports we file from time to time with the SEC after the date hereof. Although we believe that the assumptions underlying our forward-looking statements are reasonable, any of these assumptions, and therefore also the forward-looking statements based on these assumptions, could themselves prove to be inaccurate. Given the significant uncertainties inherent in the forward-looking statements included in this report, our inclusion of this information is not a representation or guarantee by us that our objectives and plans will be achieved.
 
All forward-looking statements contained herein are expressly qualified in their entirety by the foregoing cautionary statements.
 

SIGNATURES
 ​
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 hereunto duly authorized.
 ​
Dated: June 18, 2026
 
 
 ​
SKILLSOFT CORP.
By:
/s/ Ronald W. Kisling
Ronald W. Kisling
Chief Financial Officer
 ​
 

FAQ

What did Skillsoft (SKIL) disclose in its latest 8-K filing?

Skillsoft disclosed that the Saudi competition authority approved the pending sale of its Global Knowledge business. With this final regulatory clearance, all required approvals are now in place, though the transaction still depends on customary closing conditions before it can be completed.

Which regulator approved Skillsoft’s Global Knowledge transaction?

The General Authority for Competition of Saudi Arabia approved the pending sale of Skillsoft’s Global Knowledge business. This represents the final regulatory clearance needed for the deal, complementing other previously obtained approvals required before the transaction can move toward closing.

Is the sale of Skillsoft’s Global Knowledge business now certain to close?

The transaction is not yet certain to close, but all regulatory approvals have been obtained. Completion still depends on satisfaction or waiver of customary closing conditions, meaning standard deal requirements must be met before the sale can be finalized.

When does Skillsoft expect the Global Knowledge sale to close?

Skillsoft currently expects the Global Knowledge sale to close in its second fiscal quarter. This timing is based on management’s expectations and remains subject to customary closing conditions, as noted in the company’s forward-looking statements and related cautionary disclosures.

Does the Global Knowledge update in Skillsoft’s 8-K include financial details?

The disclosure focuses on regulatory approval and timing for the Global Knowledge transaction rather than specific financial terms. It confirms all required approvals are in place and outlines expected closing in the second fiscal quarter, subject to customary closing conditions.

Filing Exhibits & Attachments

4 documents