Churchill Capital II set a June 10 meeting of shareholders to vote on its proposed merger with Skillsoft, which offers digital learning and talent management solutions. The SPAC also noted its proxy and registration statement have been declared effective by the SEC.
The combined company would be valued at $1.5 billion, the SPAC said in October when the deal was announced.
Churchill II will contribute up to $697 million of cash raised during its initial public offering in June 2019. In addition, Prosus, which initially committed to invest $100 million into a PIPE, earlier this month expanded that investment to $500 million. Read more.
