Annual report [Section 13 and 15(d), not S-K Item 405]

Note 15 - Shareholders' Equity

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Note 15 - Shareholders' Equity
 12 Months Ended
Jan. 31, 2025
Notes to Financial Statements  
Equity [Text Block]

(15) Shareholders’ Equity

 

Common Stock

 

As of January 31, 2025, the Company’s authorized share capital consisted of 18,750,000 shares of common stock and 10,000,000 shares of preferred stock, with a par value $0.0001 each, and 8,616,633 shares of common stock were issued, and 8,316,856 shares were outstanding. As of January 31, 2025, the Company had no shares of preferred stock outstanding.

 

Subject to applicable law, the Company may declare dividends to be paid ratably to holders of common stock out of the Company’s assets that are legally available to be distributed as dividends in the discretion of the Company’s board of directors.

 

Warrants

 

Refer to Note 16 “Warrants”, for information related to the equity and liability-classified warrants.

 

Share Repurchase Authorization

 

On July 10, 2024, the Company’s Board of Directors authorized Skillsoft to repurchase up to $10 million of its common stock. The share repurchase authorization will terminate on July 11, 2028 and does not obligate the Company to purchase any minimum number of shares of Common Stock, and the authorization may be suspended, modified, or discontinued at any time without prior notice. As of January 31, 2025, no common stock had been repurchased under the share repurchase authorization.

 

Accumulated Other Comprehensive Income (Loss)

 

Accumulated Other Comprehensive Income (Loss) associated with foreign currency translation adjustments consisted of the following (in thousands):

 

   

For the Year Ended January 31, 2025

  
   

Before Tax

    

Income Tax

    

Net

  

Balance as of January 31, 2024

   $ (13,050 )   $ —     $ (13,050 )

Translation adjustment

     (3,868 )     —       (3,868 )

Balance as January 31, 2025

   $ (16,918 )   $ —     $ (16,918 )

 

   

For the Year Ended January 31, 2024

  
   

Before Tax

    

Income Tax

    

Net

  

Balance as of January 31, 2023

   $ (14,794 )   $ —     $ (14,794 )

Translation adjustment

     1,744       —       1,744  

Balance as January 31, 2024

   $ (13,050 )   $ —     $ (13,050 )