Churchill Capital II said its stockholders voted to approve the combination with Skillsoft, a global company engaged in digital learning and talent management solutions. Approximately 97.7 percent of the votes cast at the meeting, representing 71.5 percent of Churchill II’s outstanding shares, voted to approve the deal. Separately, Skillsoft shareholders also voted to approve the merger with Churchill II.
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 IPO in June 2019. In addition, Prosus, which initially committed to invest $100 million into a PIPE, expanded that investment to $500 million.
The business combination is expected to close today. The combined company expects to acquire Global Knowledge, a company engaged in IT and professional skills development.
The combined company will be named Skillsoft and the ticker symbol of its Class A Common Stock will be changed to SKIL on June 14. Read more.
