Skillsoft Corporation Annual report pursuant to Section 13 and 15(d)

Net Loss Per Share (Tables)

12 Months Ended

Jan. 31, 2022

The following tables set forth the computation of basic and diluted earnings per share (in thousands, except number of shares and per share data):


	Fiscal 2022				Fiscal 2021
		Successor		Predecessor (SLH)		Predecessor (SLH)		Predecessor (PL)		Predecessor (PL)
		From		From		From		From
		June 12, 2021		February 1, 2021		August 27, 2020		February 1, 2020
		to Januar 31,		to June 11,		to Januar 31,		to August 27,		Fiscal year ended
		2022		2021		2021		2020		January 31, 2020
Net loss	$	(46,806)	$	(49,264)	$	(93,722)		2,764,012		(849,205)

Weighted average common shares outstanding:
Ordinary – Basic and Diluted (Predecessor (PL))		*		*		*		100.1		100.1
Class A – Basic and Diluted (Predecessor (SLH))		*		3,840		3,840		*		*
Class B – Basic and Diluted (Predecessor (SLH))		*		160		160		*		*
Ordinary – Basic and Diluted (Successor)		133,143		*		*		*		*

Net loss per share class (Predecessor (SLH) only)
Net loss for Class A			$	(47,293)	$	(89,973)
Loss on modifications of terms of participation rights held by Class B shareholders and warrants				—		(5,900)
Net loss attributable to Class A			$	(47,293)	$	(95,873)

Net loss for Class B			$	(1,971)	$	(3,749)
Gain on modifications of terms of participation rights held by Class B shareholders and warrants				—		5,900
Net income attributable to Class B			$	(1,971)	$	2,151

Net loss per share:
Ordinary – Basic and Diluted (Predecessor (PL))		*		*		*	$	27,612.51	$	(8,483.57)
Class A – Basic and Diluted (Predecessor (SLH))		*	$	(12.32)	$	(24.97)		*		*
Class B – Basic and Diluted (Predecessor (SLH))		*	$	(12.32)	$	13.44		*		*
Ordinary – Basic and Diluted (Successor)	$	(0.35)		*		*		*		*

*	Not Applicable


	Successor	Predecessor (SLH)

Warrants to purchase common shares	61,967	706
Stock Options	2,826	—
RSU’s	6,558	—
Total	71,351	706