Skillsoft selling Global Knowledge training unit for $20M, expects $5-8M net over 2 years

Filed May 21, 2026 · Period ending May 20, 2026 · ~1 min read

Key Changes

• high

  Skillsoft divesting Global Knowledge instructor-led training business to Enduring Ventures affiliate for $10M at close plus $10M deferred over 15 months, but expects only $5-8M net proceeds after divested cash and costs.

  Item 1.01 verify on EDGAR →
• high

  Initial $10M funded by Global Knowledge's own cash, seller note due July 2026, or buyer financing; deferred $10M collectability explicitly tied to divested business performance, creating execution risk.

  Item 1.01 verify on EDGAR →
• high

  Sale expected to immediately improve leverage ratio by eliminating Global Knowledge's negative EBITDA; ~$5M stranded costs to be eliminated by FY28 after transition services end.

  Exhibit 99.2 verify on EDGAR →