v3.26.1
Note 9 - Shareholders' Equity
 6 Months Ended
Jul. 31, 2026
Notes to Financial Statements  
Equity [Text Block]

(9)    Shareholders’ Equity

 

Common Stock

 

As of July 31, 2026, Skillsoft’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. As of such date, 9,362,304 shares of common stock were issued, including treasury shares, and 9,062,527 shares were outstanding. As of  July 31, 2026, Skillsoft had no shares of preferred stock outstanding.

 

Subject to applicable law, Skillsoft may declare dividends to be paid ratably to holders of common stock out of our assets that are legally available to be distributed as dividends in the discretion of Skillsoft’s Board of Directors (“Board”). 

 

Warrants

 

Refer to Note 15 “Warrants” to the 2026 AFS for information related to the equity and liability-classified warrants.

 

Share Repurchase Authorization

 

On July 10, 2024, the Board authorized Skillsoft to repurchase up to $10 million of its common stock. The share repurchase authorization terminates on July 11, 2028 and does not obligate Skillsoft 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 July 31, 2026, 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):

 

  

Three Months Ended July 31,

 
  

2026

  

2025

 
  

Before Tax

  

Income Tax

  

Net

  

Before Tax

  

Income Tax

  

Net

 

Balance as of beginning-of-period

 $(14,587) $—  $(14,587) $(13,945) $—  $(13,945)

Reclassification to earnings related to disposal of GK business

  20,085   —   20,085   —   —   — 

Translation adjustment

  (303)  —   (303)  (27)  —   (27)

Balance as of end-of-period

 $5,195  $—  $5,195  $(13,972) $—  $(13,972)

 

  

Six Months Ended July 31,

 
  

2026

  

2025

 
  

Before Tax

  

Income Tax

  

Net

  

Before Tax

  

Income Tax

  

Net

 

Balance as of beginning-of-period

 $(12,921) $—  $(12,921) $(16,918) $—  $(16,918)

Reclassification to earnings related to disposal of GK business

  20,085   —   20,085   -   —   — 

Translation adjustment

  (1,969)  —   (1,969)  2,946   —   2,946 

Balance as of end-of-period

 $5,195  $—  $5,195  $(13,972) $—  $(13,972)