SKIL News & Events

Skillsoft has completed the sale of its Global Knowledge business to an affiliate of Enduring Ventures. With the transaction complete, Skillsoft has a simplified portfolio focused entirely on its AI-native skills management platform. As AI changes which skills matter and how quickly they evolve, Skillsoft helps organizations track that shift and act on it. Skillsoft expects to maintain a strategic partnership with Global Knowledge, giving Skillsoft customers continued access to instructor-led training and Global Knowledge customers access to the Skillsoft platform, content, and skills intelligence capabilities. The sale of Global Knowledge follows the previously disclosed strategic assessment of the business. Pursuant to the Sale and Purchase Agreement announced on May 20, Skillsoft received initial consideration of approximately $5.4M in the form of a seller note, which amount is subject to further adjustment as set forth in the agreement. Skillsoft will also be entitled to deferred consideration in an aggregate amount of $10M, less approximately $2M, related to long-term employee liabilities.

Skillsoft announced an unprecedented level of skills visibility for teams, giving managers real-time skills intelligence and a clearer view of workforce readiness. The company said, "Unlike tools that rely on static skill profiles and learning completions, the manager-level and compliance risk dashboards within the Skillsoft Percipio Platform use AI to match the right talent to projects based on verified skills. Managers move beyond completion rates to align verified skills to the work that matters most. Available now within Skillsoft's skills management platform, these dashboards enable users to: Act on real talent data, not assumptions. Gain insight into what teams can deliver today and what's in development, benchmarking performance against industry peers and planning with confidence instead of waiting on reports. Close skill gaps and reduce risk. Get visibility into where employees are falling behind, where there is compliance or execution risk, and where targeted training will have the most impact. Put the right people on the right work. Match team members to projects based on verified skills proficiency, accelerating execution and improving outcomes."

Tuesday trading remained volatile as Middle East hostilities and renewed pressure in the Treasury market has been compounded by more active repositioning before the dawn of the trillion-dollar IPO trifecta, with SpaceX, OpenAI, and Anthropic all rushing toward public listings.  Energy and Tech - the top two sectors on Monday - were the worst performers on Tuesday.  Meanwhile Real Estate and Industrials led the benchmark.  Mega-cap Tech was also generally under heavy pressure, with notable 3.7% declines in Appleshares, 3% drop in Tesla, and a 2% slide in Microsoft.In the opening hours of the evening session, S&P e-minis and Nasdaq 100 contracts are both down about 0.3%.  In commodities, WTI Crude Oil is back above $89 per barrel following retaliatory strikes by U.S. forces against Iranian military installation after the latter downed a U.S. helicopter patrolling the Strait of Hormuz.  In metals, gold is at a 2.5-month low below $4,250 per ounce.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Lakeland Industriesup 14.8%Cracker Barrel Old Country Storeup 7.7%Casey's General Storesup 2.5%ALSO HIGHER -DOWN AFTER EARNINGS -Skillsoft Corp.down 4.2%BARK, Inc.down 2.9%Limoneiradown 1.4%ALSO LOWER -Summit Therapeuticsdown 6.8% after equity offeringSuper Micro Computerdown 5.5% after equity offering