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  "documentTitle": "Skillsoft | SPAC Presentation Deck | 76 slides",
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  "authorName": "Skillsoft",
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  "presentationDate": "2021-02-01 00:00:00",
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  "notes": "Includes detailed footnotes regarding share vesting, debt restructuring, and transaction assumptions.",
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      "text": "The sponsor will agree to a portion of promote unvesting and revesting at $12.50. Substantial value will be created for investors before Churchill's sponsor receives all Founder shares.",
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      "text": "Notes: 1 Excludes warrants and management equity. 2 Net of 25% Founders shares subject to re-vesting at $12.50 share price. 3 $700M available cash in Churchill Capital; assumes $10M of interest from cash held in trust. 4 $20M for Skillsoft lenders and $70M for Global Knowledge lenders. 5 Reflects FYE 1/31/23E Adj. EBITDA midpoint. 6 Pro forma for Churchill transactions with Skillsoft and Global Knowledge; assumes no redemptions. 7 PIPE subject to certain conditions; $400M second step investment by Prosus subject to CFIUS approval. 8 Illustrative combined total debt and interest expense based on previous capital structures.",
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