Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (DEFICIT)

v3.22.1
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (DEFICIT) - USD ($)
$ in Thousands
Ordinary Shares
Skillsoft
Ordinary Shares
Additional Paid-In Capital
Skillsoft
Additional Paid-In Capital
GK
Additional Paid-In Capital
Public Warrants
Additional Paid-In Capital
Private Placement Warrants - CEO
Additional Paid-In Capital
Loans made to Related parties
Accumulated (Deficit) Equity
Accumulated Other Comprehensive (Loss) Income
Skillsoft
GK
Public Warrants
Private Placement Warrants - CEO
Total
Balance at Jan. 31, 2019   $ 138           $ (5,367) $ (1,910,846) $ (1,250)         $ (1,917,325)
Balance (in shares) at Jan. 31, 2019   100,100                          
Reserve made on loans to related parties               $ 5,367             5,367
Share-based compensation             $ 83               83
Cumulative effect of accounting changes                 (1,448)           (1,448)
Translation adjustment                   784         784
Net (loss) income                 (849,205)           (849,205)
Balance at Jan. 31, 2020   $ 138         83   (2,761,499) (466)         $ (2,761,744)
Balance (in shares) at Jan. 31, 2020   100,100                          
Financial Designation, Predecessor and Successor [Fixed List]                             Predecessor
Translation adjustment                   (2,268)         $ (2,268)
Net (loss) income                 2,764,012           2,764,012
Cancellation of Predecessor equity   $ (138)         (83)   221            
Cancellation of Predecessor equity (in shares)   (100,100)                          
Elimination of predecessor accumulated Other Comprehensive Loss                 (2,734) 2,734          
Issuance of Successor shares   $ 40         666,933               666,973
Issuance of Successor shares (in shares)   4,000,000                          
Balance at Aug. 27, 2020   $ 40         666,933               $ 666,973
Balance (in shares) at Aug. 27, 2020   4,000,000                          
Financial Designation, Predecessor and Successor [Fixed List]                             Predecessor
Balance at Jan. 31, 2020   $ 138         83   (2,761,499) (466)         $ (2,761,744)
Balance (in shares) at Jan. 31, 2020   100,100                          
Balance at Jan. 31, 2021   $ 40         674,333   (93,722) (682)         $ 579,969
Balance (in shares) at Jan. 31, 2021   4,000,000                          
Financial Designation, Predecessor and Successor [Fixed List]                             Predecessor
Balance at Aug. 27, 2020   $ 40         666,933               $ 666,973
Balance (in shares) at Aug. 27, 2020   4,000,000                          
Impact of Warrant modification             7,400               7,400
Translation adjustment                   (682)         (682)
Net (loss) income                 (93,722)           (93,722)
Balance at Jan. 31, 2021   $ 40         674,333   (93,722) (682)         $ 579,969
Balance (in shares) at Jan. 31, 2021   4,000,000                          
Financial Designation, Predecessor and Successor [Fixed List]                             Predecessor
Translation adjustment                   (430)         $ (430)
Net (loss) income                 (49,264)           (49,264)
Balance at Jun. 11, 2021   $ 40         674,333   (142,986) (1,112)         $ 530,275
Balance (in shares) at Jun. 11, 2021   4,000,000                          
Financial Designation, Predecessor and Successor [Fixed List]                             Predecessor
Balance at Jan. 31, 2021   $ 40         674,333   (93,722) (682)         $ 579,969
Balance (in shares) at Jan. 31, 2021   4,000,000                          
Balance at Jan. 31, 2022   $ 11         1,306,146   (247,229) 970         $ 1,059,898
Balance (in shares) at Jan. 31, 2022   133,258,027                          
Financial Designation, Predecessor and Successor [Fixed List]                             Successor
Balance at Jun. 11, 2021   $ 40         674,333   (142,986) (1,112)         $ 530,275
Balance (in shares) at Jun. 11, 2021   4,000,000                          
Reorganization adjustments   $ (37)         (368,886)   (57,437)           (425,248)
Reorganization adjustments (in shares)   47,559,021                          
Issuance of shares, PIPE Investment   $ 5         608,161               608,166
Issuance of shares, PIPE Investment (in shares)   53,000,000                          
Issuance of shares $ 3   $ 306,372 $ 14,000             $ 306,375 $ 14,000      
Issuance of shares (in shares) 28,500,000 333,334                          
Reclassify Warrants to equity         $ 56,120 $ 2,800             $ 56,120 $ 2,800  
Cash payout for fractional shares             (1)               (1)
Share-based compensation             14,664               14,664
Shares repurchased for tax withholding upon vesting of restricted stock-based awarded             (1,417)               (1,417)
Shares repurchased for tax withholding upon vesting of restricted stock-based awarded (in shares)   (134,328)                          
Translation adjustment                   970         970
Net (loss) income                 (46,806)           (46,806)
Balance at Jan. 31, 2022   $ 11         $ 1,306,146   $ (247,229) $ 970         $ 1,059,898
Balance (in shares) at Jan. 31, 2022   133,258,027                          
Financial Designation, Predecessor and Successor [Fixed List]                             Successor