Skillsoft Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Note 3 - Business Combination (Tables)

Note 3 - Business Combination (Tables)

9 Months Ended

Oct. 31, 2023

Notes Tables

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

Description		Amount
Cash payments		$	202,119
Class A common stock issued			182,550
Cash settlement of seller transaction costs and other			1,315
Total purchase price		$	385,984

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

		*Final Purchase*
Description		*Price Allocation*
Cash, cash equivalents and restricted cash		$	4,053
Current assets			3,671
Property and equipment			385
Intangible assets			119,000
Total assets acquired			127,109
Current liabilities			(6,166	)
Deferred revenue			(18,396	)
Deferred tax liabilities			(21,621	)
Total liabilities assumed			(46,183	)
Net assets acquired			80,926
Goodwill			305,058
Total purchase price		$	385,984

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]

Description		*Amount*				*Life (in years)*
Trade name		$	44,000				13.8
Developed technology			43,000				5.0
Content			17,000				5.0
Customer relationships			15,000				5.8
Total		$	119,000

Business Acquisition, Pro Forma Information [Table Text Block]

		*Unaudited Pro Forma*				*Unaudited Pro Forma*
		*Statement of Operations*				*Statement of Operations*
		*Three Months Ended October 31,*				*Nine Months Ended October 31,*
		*2022*				*2022*
Revenue		$	139,390			$	422,861
Net loss from continuing operations			(16,134	)			(100,472	)