Tiber Ventures, Inc. (fka SeaChange International, Inc.) Announces Preliminary Tender Offer Results
Tiber Ventures, Inc. (formerly SeaChange International, Inc.) (OTC: SEAC) announced preliminary results of its modified 'Dutch auction' tender offer. The offer aimed to purchase up to $6.16 million shares of common stock at prices between $6.75 and $7.25 per share. Based on preliminary counts, 171,699 shares were validly tendered, representing about 6.8% of the company's outstanding shares. Tiber expects to purchase these shares at a maximum price of $7.25 per share, for a total cost not exceeding $1,244,817.75, excluding fees and expenses. The company plans to fund the purchase with cash and cash equivalents on hand. Final results will be announced after the completion of the confirmation process.
Tiber Ventures, Inc. (già SeaChange International, Inc.) (OTC: SEAC) ha annunciato i risultati preliminari della sua offerta di riscatto modificata attraverso 'asta olandese'. L'offerta mirava all'acquisto di fino a 6,16 milioni di azioni ordinarie a prezzi compresi tra 6,75 e 7,25 dollari per azione. Sulla base dei conteggi preliminari, sono state offerte validamente 171.699 azioni, che rappresentano circa 6,8% delle azioni emesse dall'azienda. Tiber prevede di acquistare queste azioni a un prezzo massimo di 7,25 dollari per azione, per un costo totale non superiore a 1.244.817,75 dollari, escluse spese e commissioni. L'azienda intende finanziare l'acquisto con liquidità e equivalenti di liquidità disponibili. I risultati finali saranno annunciati dopo il completamento del processo di conferma.
Tiber Ventures, Inc. (anteriormente SeaChange International, Inc.) (OTC: SEAC) anunció los resultados preliminares de su oferta de recompra modificada mediante 'subasta holandesa'. La oferta tenía como objetivo adquirir hasta 6.16 millones de acciones ordinarias a precios entre 6.75 y 7.25 dólares por acción. Con base en conteos preliminares, se presentaron válidamente 171,699 acciones, lo que representa aproximadamente 6.8% de las acciones en circulación de la empresa. Tiber espera comprar estas acciones a un precio máximo de 7.25 dólares por acción, con un costo total que no excederá 1,244,817.75 dólares, excluyendo tarifas y gastos. La compañía planea financiar la compra con efectivo y equivalentes de efectivo disponibles. Los resultados finales se anunciarán después de completar el proceso de confirmación.
타이버 벤처스(Tiber Ventures, Inc.) (이전 명칭: 시체인지 인터내셔널, Inc.) (OTC: SEAC)가 수정된 '네덜란드 경매' 공개 매수 제안의 초기 결과를 발표했습니다. 이 제안은 주당 6.75달러에서 7.25달러 사이의 가격으로 최대 616만 주의 보통주를 매입하는 것을 목표로 했습니다. 초기 집계 결과 171,699주가 유효하게 매도되었으며, 이는 회사의 발행 주식의 약 6.8%에 해당합니다. 타이버는 이 주식을 주당 최대 7.25달러의 가격으로 구매할 것으로 예상하며, 총 비용은 수수료 및 경비를 제외하고 1,244,817.75달러를 초과하지 않을 것입니다. 이 회사는 매입 자금을 현금 및 현금 equivalents로 충당할 계획입니다. 최종 결과는 확인 프로세스 완료 후 발표될 것입니다.
Tiber Ventures, Inc. (anciennement SeaChange International, Inc.) (OTC: SEAC) a annoncé les résultats préliminaires de son offre de rachat modifiée par 'enchère néerlandaise'. L'offre visait à acquérir jusqu'à 6,16 millions d'actions ordinaires à des prix compris entre 6,75 et 7,25 dollars par action. D'après les décomptes préliminaires, 171 699 actions ont été valablement souscrites, représentant environ 6,8% des actions en circulation de l'entreprise. Tiber s'attend à acheter ces actions à un prix maximum de 7,25 dollars par action, pour un coût total n'excédant pas 1 244 817,75 dollars, hors frais et dépenses. La société prévoit de financer l'achat avec des liquidités et des équivalents de liquidités disponibles. Les résultats finaux seront annoncés après l'achèvement du processus de confirmation.
Tiber Ventures, Inc. (ehemals SeaChange International, Inc.) (OTC: SEAC) hat die vorläufigen Ergebnisse seines modifizierten 'Holländischen Auktions' Rückkaufsangebots bekannt gegeben. Das Angebot zielte darauf ab, bis zu 6,16 Millionen Aktien zu Preisen zwischen 6,75 und 7,25 Dollar pro Aktie zu erwerben. Basierend auf vorläufigen Zählungen wurden 171.699 Aktien gültig angeboten, was etwa 6,8% der ausstehenden Aktien des Unternehmens entspricht. Tiber erwartet, diese Aktien zu einem Höchstpreis von 7,25 Dollar pro Aktie zu kaufen, mit Gesamtkosten, die 1.244.817,75 Dollar excl. Gebühren und Ausgaben nicht überschreiten. Das Unternehmen plant, den Kauf mit vorhandenen Bargeld und Bargeldäquivalente zu finanzieren. Die endgültigen Ergebnisse werden nach Abschluss des Bestätigungsprozesses bekannt gegeben.
- The tender offer allows the company to repurchase shares, potentially increasing value for remaining shareholders
- The company has sufficient cash and cash equivalents to fund the share repurchase
- The tender offer may reduce the company's cash reserves by up to $1,244,817.75, plus fees and expenses
BOSTON, July 26, 2024 (GLOBE NEWSWIRE) -- Tiber Ventures, Inc., formerly known as SeaChange International, Inc. (OTC: SEAC) (“Tiber”), today announced the preliminary results of its modified “Dutch auction” tender offer (the “Tender Offer”) to purchase with cash up to
Based on the preliminary count by the depositary for the Tender Offer, a total of 171,699 Shares were validly tendered and not validly withdrawn at a price per Share of not less than
In accordance with the terms and conditions of the Tender Offer and based on the preliminary count by the depositary, the Company may purchase up to 171,699 Shares through the Tender Offer at a maximum price of
The number of Shares expected to be purchased in the Tender Offer and the purchase price per Share are preliminary and subject to change. The preliminary information contained in this press release is subject to confirmation by the depositary and is based on the assumption that all Shares tendered through notice of guaranteed delivery will be delivered within the required two business day period. The final number of Shares to be purchased in the tender offer and the final purchase price per Share will be announced following the expiration of the guaranteed delivery period and the completion by the depositary of the confirmation process. Payment for the Shares accepted for purchase pursuant to the Tender Offer, and the return of all other Shares tendered and not purchased, will occur promptly following the completion of the confirmation process. The Company expects to fund the purchase of Shares in the Tender Offer, together with all related fees and expenses, with cash and cash equivalents on hand.
Georgeson LLC is serving as information agent for the Tender Offer, and Computershare, Inc. is serving as the depositary for the Tender Offer.
Forward-Looking Statements
This press release includes forward-looking statements, including statements regarding the completion, terms, timing and size of the proposed Tender Offer. Forward-looking statements represent Tiber’s current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. Among those risks and uncertainties are market conditions, including market interest rates, the trading price and volatility of Tiber’s Common Stock and risks relating to Tiber’s business. Tiber may not consummate the proposed Tender Offer described in this press release and, if the proposed Tender Offer is consummated, cannot provide any assurances regarding the final terms of the Tender Offer. The forward-looking statements included in this press release speak only as of the date of this press release, and Tiber does not undertake to update the statements included in this press release for subsequent developments, except as may be required by law.
Tiber Contact
Mark Szynkowski, Investor Relations
info@tiber-ventures.com
FAQ
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