Churchill Capital Corp II (NYSE:CCX) announced that it has entered into a subscription agreement with Lodbrok Capital for a private placement of 2,000,000 class A common shares at a price of $10 per share for gross proceeds of $20,000,000 on October 13, 2020. The investor has a right to terminate the agreement with written notice to company within 30 days of executing agreement. The transaction is conditioned upon, among other things, customary closing conditions and the consummation of Global Knowledge Training LLC. The shares are subject to a lock-up period of 180 days following the closing date.