Quarterly report pursuant to Section 13 or 15(d)

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDER'S EQUITY (DEFICIT)

v3.21.2
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDER'S 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
Accumulated (Deficit) Equity
Accumulated Other Comprehensive (Loss) Income
Skillsoft
GK
Public Warrants
Private Placement Warrants - CEO
Total
Balance at Jan. 31, 2020   $ 138         $ 83 $ (2,761,499) $ (466)         $ (2,761,744)
Balance (in shares) at Jan. 31, 2020   100,100                        
Translation adjustment                 (629)         (629)
Net (loss) income               (433,902)           (433,902)
Balance at Apr. 30, 2020   $ 138         83 (3,195,401) (1,095)         $ (3,196,275)
Balance (in shares) at Apr. 30, 2020   100,100                        
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                        
Translation adjustment                           (2,268)
Net (loss) income                           2,764,012
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 Oct. 31, 2020   $ 40         674,333 (38,714) 168         $ 635,827
Balance (in shares) at Oct. 31, 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 Apr. 30, 2020   $ 138         83 (3,195,401) (1,095)         $ (3,196,275)
Balance (in shares) at Apr. 30, 2020   100,100                        
Translation adjustment                 (1,731)         (1,731)
Net (loss) income               (70,981)           (70,981)
Balance at Jul. 31, 2020   $ 138         83 (3,266,382) (2,826)         $ (3,268,987)
Balance (in shares) at Jul. 31, 2020   100,100                        
Financial Designation, Predecessor and Successor [Fixed List]                           Predecessor
Translation adjustment                 92         $ 92
Net (loss) income               3,268,895           3,268,895
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 Jul. 31, 2020   $ 138         83 (3,266,382) (2,826)         $ (3,268,987)
Balance (in shares) at Jul. 31, 2020   100,100                        
Balance at Oct. 31, 2020   $ 40         674,333 (38,714) 168         $ 635,827
Balance (in shares) at Oct. 31, 2020   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                        
Balance at Aug. 28, 2020   $ 40         666,933             $ 666,973
Balance (in shares) at Aug. 28, 2020   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                 168         168
Net (loss) income               (38,714)           (38,714)
Balance at Oct. 31, 2020   $ 40         674,333 (38,714) 168         $ 635,827
Balance (in shares) at Oct. 31, 2020   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                        
Translation adjustment                 (228)         (228)
Net (loss) income               (37,405)           (37,405)
Balance at Apr. 30, 2021   $ 40         674,333 (131,127) (910)         $ 542,336
Balance (in shares) at Apr. 30, 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                        
Translation adjustment                           (430)
Net (loss) income                           (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 Apr. 30, 2021   $ 40         674,333 (131,127) (910)         $ 542,336
Balance (in shares) at Apr. 30, 2021   4,000,000                        
Translation adjustment                 (202)         (202)
Net (loss) income               (11,859)           (11,859)
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 Jun. 12, 2021   $ 3         305,447 (200,423)           $ 105,027
Balance (in shares) at Jun. 12, 2021   51,559,021                        
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                        
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                          
Reclassify Warrants to equity         $ 56,120 $ 2,800           $ 56,120 $ 2,800  
Cash payout for fractional shares             (1)             (1)
Share-based compensation             4,817             4,817
Translation adjustment                 906         906
Net (loss) income               (11,854)           (11,854)
Balance at Jul. 31, 2021   $ 11         1,297,716 (212,277) 906         $ 1,086,356
Balance (in shares) at Jul. 31, 2021   133,059,021                        
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                        
Translation adjustment                           134
Net (loss) income                           (54,708)
Balance at Oct. 31, 2021   $ 11         1,301,319 (255,132) 134         $ 1,046,332
Balance (in shares) at Oct. 31, 2021   133,164,526                        
Financial Designation, Predecessor and Successor [Fixed List]                           Successor
Balance at Jun. 12, 2021   $ 3         305,447 (200,423)           $ 105,027
Balance (in shares) at Jun. 12, 2021   51,559,021                        
Balance at Jul. 31, 2021   $ 11         1,297,716 (212,277) 906         $ 1,086,356
Balance (in shares) at Jul. 31, 2021   133,059,021                        
Financial Designation, Predecessor and Successor [Fixed List]                           Successor
Issuance of shares (in shares)   166,667                        
Share-based compensation             4,217             $ 4,217
Shares repurchased for tax withholding upon vesting of restricted stock-based awarded             (614)             (614)
Shares repurchased for tax withholding upon vesting of restricted stock-based awarded (in shares)   (61,162)                        
Translation adjustment                 (772)         (772)
Net (loss) income               (42,855)           (42,855)
Balance at Oct. 31, 2021   $ 11         $ 1,301,319 $ (255,132) $ 134         $ 1,046,332
Balance (in shares) at Oct. 31, 2021   133,164,526                        
Financial Designation, Predecessor and Successor [Fixed List]                           Successor