Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Skillsoft Corp. (the "Company") approved a discretionary retention cash payment in the amount of $200,000 to Apratim Purakayastha, the Company's General Manger, Talent Development Solutions. This retention payment is made pursuant to, and subject to the terms of, a Transition Award Agreement entered into by the Company and Mr. Purakayastha on July 24, 2024, a form of which is filed hereto as Exhibit 10.1.

The foregoing description of the retention payment does not purport to be complete and is qualified in its entirety by reference to the form of Transition Award Agreement, filed hereto as Exhibit 10.1.