Seachange Intl Inc - SEAC STOCK NEWS

Tiber Ventures, formerly SeaChange International, has extended its modified Dutch auction Tender Offer by ten business days to July 25, 2024. As of July 10, 2024, 153,028 shares have been tendered. The offer allows stockholders to specify the number and price of shares they wish to sell within a range of $6.75 to $7.25. Tiber aims to purchase shares worth up to $6.16 million, with the option to buy an additional 2% of its outstanding shares if necessary. The Tender Offer is funded by cash and cash equivalents and is not contingent on financing or a minimum number of shares being tendered. Stockholders can withdraw their shares any time before the new expiration date. Tiber will determine the lowest price per share for the tendered shares and pay in cash promptly after the offer expires.

Tiber Ventures, previously known as SeaChange International (OTC: SEAC), has announced a modified 'Dutch auction' tender offer to purchase up to $6.16 million of its common stock. Shareholders can tender their shares at a price between $6.75 and $7.25. The offer expires on July 10, 2024, unless extended or terminated.

The tender offer is not contingent on financing or a minimum number of shares being tendered. Tiber Ventures will use cash and cash equivalents for the purchase. Stockholders can withdraw their shares before the expiration date, and the tender offer documents provide detailed instructions.

Georgeson is the information agent, and Computershare is the depositary. Tiber Ventures advises shareholders to read the offer documents carefully for complete terms and conditions.

SeaChange International, a video delivery and streaming platforms provider, completed the sale of its assets to Enghouse Systems for $39 million, resulting in net proceeds of over $22.5 million. The sale was approved by SeaChange's Board of Directors and majority shareholders, aiming to maximize shareholder value and allow for business scalability.

SeaChange International, Inc. has announced an agreement with Enghouse Systems for the sale of its assets for $39 million, resulting in net proceeds of $21 to $23 million. The acquisition is subject to shareholder approval and expected to close in early May 2024, following the termination of a previous acquisition agreement with Partner One. SeaChange's CEO, Chris Klimmer, expressed confidence in Enghouse's ability to scale the business. A significant stockholder owning 30.5% of SeaChange's shares has agreed to vote in favor of the Enghouse deal. SeaChange will pay a $1.3 million termination fee to Enghouse for the previous agreement with Partner One. The Special Meeting of Stockholders has been adjourned to April 26, 2024, to vote on the Enghouse Asset Sale.

SeaChange International, Inc. announces a second amendment to the purchase agreement with Partner One, increasing the purchase price to $34,001,000. The acquisition proposal from a third party led to this amendment, with Partner One acquiring SeaChange's assets related to its product and services business. The Second Amended Asset Sale is expected to result in net proceeds of $17-19 million for SeaChange. The Special Meeting of Stockholders has been adjourned to April 22, 2024, to consider the approval of the sale.

SeaChange International, Inc. (SEAC) announces an Amendment to the Purchase Agreements with Partner One, increasing the purchase price to $32,001,000. The Amended Asset Sale is expected to result in net proceeds of $15-17 million for SeaChange. The transaction, subject to closing conditions, is anticipated to close by the end of April 2024.

SeaChange International, Inc. announces the sale of its assets to Partner One for $30 million, expecting net proceeds of $13-15 million. The transaction aims to enhance offerings for customers in the video delivery, advertising, and streaming markets.

SeaChange International, Inc. (OTCPK: SEAC) has presented estimated and unaudited preliminary financial results for the three and nine months ended October 31, 2023. The company reported total revenue of approximately $6.6 million for the third quarter, with a GAAP net loss of approximately $0.1 million and adjusted EBITDA of approximately $0.2 million. For the nine-month period, total revenue was approximately $20.7 million, with a GAAP net loss of approximately $2.1 million and an adjusted EBITDA loss of approximately $0.3 million. The company also announced a stock repurchase program, authorizing the repurchase of up to 750,000 shares of common stock with a cap of $2.25 million.

SeaChange International (SEAC) and Univer Video announced the relaunch of Univer’s global streaming service with SeaChange’s streaming enablement platform, StreamVid. The relaunched service will feature a vast exclusive video library, two additional live channels, and a new user experience with advanced content discovery and search services. Univer Video will leverage StreamVid’s support for multiple languages, currencies, and payment options to introduce the service from Brazil to international markets.