English
Français
Deutsch
Italiano
Português
Русский
Español
简体中文
日本語
By Stephen Nakrosis
Shares of Skillsoft were trading higher in Friday’s after-hours market following news the company completed a previously announced 1-for-20 reverse stock split.
At 5:20 p.m. EDT, the company’s stock had gained 6% to trade at 94 cents per share. The stock closed the day’s regular session down 1.8% at 88 cents.
The stock is expected to begin trading on a reverse split adjusted basis on Oct. 2.
Skillsoft said the reverse stock split is intended, among other things, to make the company more attractive to a broader group of institutional investors and thus maintain its New York Stock Exchange listing.
Skillsoft said it provides enterprise learning solutions and offers a suite of premium, original and authorized partner content.
Write to Stephen Nakrosis at [email protected]
Read the full article here
