Skillsoft Corp. announced that it expects to receive $10 million in funding from SuRo Capital Corp.

Churchill Capital Corp II (NYSE:CCX) announced that it has entered into a subscription agreement with SuRo Capital Corp. for a private placement of 1,000,000 class A common shares at a price of $10 per share for gross proceeds of $10,000,000 on October 14, 2020. The transaction is conditioned upon, among other things, customary closing conditions and the consummation of Skillsoft Corporation merger.

The shares are subject to a lock-up period of 180 days following the closing date.