D2L Inc T.DTOL

Alternate Symbol(s): DTLIF

D2L Inc. is a global learning technology company. The Company delivers personalized, flexible and modern learning experiences for people of all ages. The Company’s core cloud-based learning innovation platform, Brightspace, serves three distinct markets: kindergarten to grade 12 schools (K-12), higher education, and corporate markets. Its Brightspace Core functionality is extended through Performance+, its advanced analytics package, and Creator+, which provides authoring tools for efficient and effective learning and engages learners through add-on solutions such as video and catalogue capabilities, video-based training and courses. Its learning technology leverages features like artificial intelligence, smart workflow design and automation to help educators, activities, and other technologies. The Company sells its platform primarily through its direct sales force in North America, Europe, and Australia, as well as through a mix of direct and indirect channel partners.

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D2L Inc > D2L Wave spin-out will give us 'the best of both worlds

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Comment by Possibleidiot01on Apr 07, 2024 1:57pm

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Post# 35975667

RE:D2L Wave spin-out will give us 'the best of both worlds

Hard to get excited over something with such a small valuation attached IMO.

Consideration: A company of which John Baker is the sole shareholder will acquire a 70% interest in voting common shares of SkillsWave from D2L at closing in exchange for consideration of C$1,120,000 (the "Purchase Price") payable in cash, and the assumption of liabilities associated with the D2L Wave offering.
Voting Agreement: D2L will retain a 30% ownership interest in voting common shares of SkillsWave at closing, with customary shareholder rights including the right to nominate a director to the SkillsWave Board, which will also include John Baker and three independent directors.