Sony Pixel Power calrec Sony

SeaChange International Announces Proposed Underwritten Public Offering of Common Stock

30/03/2021

SeaChange International Announces Proposed Underwritten Public Offering of Common Stock Download as PDF March 29, 2021 8:00pm EDT

WALTHAM, Mass., March 29, 2021 (GLOBE NEWSWIRE) -- SeaChange International, Inc. (SeaChange or the Company) (NASDAQ: SEAC), a leading provider of video delivery platforms, today announced that it intends to offer shares of its common stock for sale in an underwritten public offering. The Company intends to use the net proceeds from this offering for general corporate purposes, including, but not limited to, working capital, potential acquisitions, and other business opportunities. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Aegis Capital Corp. is acting as the sole book-running manager for the offering.

This offering is being made pursuant to an effective shelf registration statement on Form S-3 (No. 333-252777) previously filed with the U.S. Securities and Exchange Commission (the SEC ) and declared effective by the SEC on March 16, 2021. A preliminary prospectus supplement and accompanying prospectus describing the terms of the proposed offering will be filed with the SEC and will be available on the SEC's website located at http://www.sec.gov. Electronic copies of the preliminary prospectus supplement and the accompanying prospectus may be obtained, when available, by contacting Aegis Capital Corp., Attention: Syndicate Department, 810 7th Avenue, 18th floor, New York, NY 10019, by email at syndicate@aegiscap.com, or by telephone at (212) 813-1010. Before investing in this offering, interested parties should read in their entirety the prospectus supplement and the accompanying prospectus and the other documents that the Company has filed with the SEC that are incorporated by reference in such prospectus supplement and the accompanying prospectus, which provide more information about the Company and such offering.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About SeaChange International, Inc.

SeaChange International (NASDAQ: SEAC) powers hundreds of cloud and on-premises platforms with live TV and video on demand (VOD) for millions of end users worldwide. SeaChanges end-to-end solution enables operators and content owners to cost-effectively launch a direct-to-consumer video streaming service to manage, curate and monetize their linear and on demand content across all major device platforms such as Smart-TVs, mobile devices, and Set-Top-Boxes. A demonstration of SeaChange's video streaming platform is available here. For more information on SeaChange, please visit www.seachange.com.

Safe Harbor Disclosure

This press release contains forward-looking statements that are made pursuant to the safe harbor provisions within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, but are not limited to, statements related to the Companys ability to complete the financing, its intended use of proceeds and other statements that are not historical facts. Forward-looking statements are based on managements current expectations and are subject to risks and uncertainties that may cause actual results or events to differ materially from those projected. These risks and uncertainties, many of which are beyond our control, include: the risk that the public offering of common stock may not close; the effects of the COVID-19 pandemic on our operations and general economic conditions; the expected growth of the OTT market; the outcome of the Company's active discussions with approximately 50 content owners; the Company's aggregate potential revenue over the next three years as a result of its contract win with one of the largest mobile network providers; the aggregate total contract value to be realized from the Company's wins for its Framework platform; the Company's position to enable the industry's ongoing direct-to-consumer movement; the Company's expectation that over the next five years, thousands of direct-to-consumer TV apps will be launched with a need for a built-in ad monetization strategy and the role the Company's Video Apps platform could play in powering and capitalizing on the direct-to-consumer TV apps revolution; the Company's ability to execute its growth strategy, in light of its liquidity position, resources and recently implemented cost-reduction measures, as well as other risks described in the section entitled Risk Factors and elsewhere in our Annual Report on Form 10-K filed with the SEC on April 20, 2020 and in our other filings with the SEC, including, without limitation, our reports on Forms 8-K and 10-Q, all of which can be obtained on the SEC website at www.sec.gov. Readers are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date on which they are made and reflect managements current estimates, projections, expectations and beliefs. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions or circumstances on which any such statement is based, except as required by law.

SeaChange Contact:

Matt Glover

Gateway Investor Relations

949-574-3860

SEAC@gatewayir.com

Source: SeaChange International, Inc. Released March 29, 2021
LINK: https://www.seachange.com/news-and-events/press-releases/detail/451/se...
See more stories from schange

More from SeaChange

16/08/2023

SeaChange Adopts Tax Benefits Preservation Plan to...

SeaChange Adopts Tax Benefits Preservation Plan to Protect Tax Assets August 16,2023 12:08PM BOSTON, Aug. 16, 2023 (GLOBE NEWSWIRE) -- SeaChange International,...

08/08/2023

SeaChange Announces Voluntary SEC Deregistration...

SeaChange Announces Voluntary SEC Deregistration and Nasdaq Delisting August 08,2023 4:08PM BOSTON, Aug. 08, 2023 (GLOBE NEWSWIRE) -- SeaChange International, ...

07/02/2023

VIDAA Announces Launch of Streaming Service, VIDAA ...

VIDAA Announces Launch of Streaming Service, VIDAA Free' February 07,2023 3:02AM VIDAA USA Inc., today launched VIDAA Free, its streaming hub of free adve...

20/09/2022

SeaChange to Power Streaming of the FIFA World Cup...

SeaChange to Power Streaming of the FIFA World Cup Qatar 2022 for Grupo TVCable September 20,2022 4:09AM BOSTON, Sept. 20, 2022 (GLOBE NEWSWIRE) -- SeaChange ...

08/09/2022

SeaChange and Source Digital Partner to Jointly...

SeaChange and Source Digital Partner to Jointly Boost the Value of Connected TV Ad Inventory with Web 3.0 Multiverse Engagement Services September 08,2022 4:09A...

24/08/2022

SeaChange to Showcase Latest Innovations in Video...

SeaChange to Showcase Latest Innovations in Video Monetization Products at the IBC Show in Amsterdam August 24,2022 11:08AM -New Products include FAST Channel ...

17/08/2022

SeaChange Elevates Chris Klimmer to President to...

SeaChange Elevates Chris Klimmer to President to Accelerate Streaming & AdTech SaaS Growth Strategy August 17,2022 3:08PM Klimmer's promotion to President ...

27/06/2022

SeaChange's Advanced Advertising Platform Selected b...

SeaChange's Advanced Advertising Platform Selected by Armstrong and BEAM to Drive Video Advertising Revenue Growth June 27,2022 8:06AM BOSTON, June 27, 202...

08/06/2022

SeaChange Reports Fiscal First Quarter 2023...

SeaChange Reports Fiscal First Quarter 2023 Financial and Operational Results June 08,2022 3:06PM BOSTON, June 08, 2022 (GLOBE NEWSWIRE) -- SeaChange Internati...

15/04/2022

SeaChange returns to NAB to showcase latest...

SeaChange returns to NAB to showcase latest innovations in video monetization products, including FAST channel playout solutions and contextualized advertising ...

08/04/2022

SeaChange Reports Fourth Quarter and Fiscal Year...

SeaChange Reports Fourth Quarter and Fiscal Year 2022 Financial and Operational Results April 08,2022 3:04PM - Continued Operating Momentum, with Fiscal Q4 20...

04/04/2022

VIDAA and SeaChange Partner to Transform the...

VIDAA and SeaChange Partner to Transform the Monetization of Addressable April 04,2022 3:04PM Joint solution will enable FAST channel playout, AVOD streaming ...

22/12/2021

Triller to the ILLR - Triller Hold Co LLC expecte...

Triller to the ILLR - Triller Hold Co LLC expected to become publicly traded on Nasdaq through a reverse merger with publicly-traded company SeaChange Interna...

14/12/2021

SeaChange Reports Fiscal Third Quarter 2022...

SeaChange Reports Fiscal Third Quarter 2022 Financial and Operational Results December 14,2021 4:12PM Continued Operating Momentum, with Revenues Up 9% Sequent...

14/12/2021

SeaChange Reports Fiscal Third Quarter 2022 Financial and Operational Results

SeaChange Reports Fiscal Third Quarter 2022 Financial and Operational Results Download as PDF December 14, 2021 4:05pm EST Related Documents Audio Earni...

09/12/2021

SeaChange International Sets Third Quarter Fiscal...

SeaChange International Sets Third Quarter Fiscal 2022 Conference Call for Tuesday, December 14 at 5:00 p.m. ET December 09,2021 8:12AM BOSTON, Dec. 09, 2021 (...

09/12/2021

SeaChange International Sets Third Quarter Fiscal 2022 Conference Call for Tuesday, December 14 at 5:00 p.m. ET

SeaChange International Sets Third Quarter Fiscal 2022 Conference Call for Tuesd...

29/11/2021

SeaChange Secures Multi-Million-Dollar Contract...

SeaChange Secures Multi-Million-Dollar Contract Renewal with Major U.S. Multiple-System-Operator November 29,2021 8:11AM...

29/11/2021

SeaChange Secures Multi-Million-Dollar Contract Renewal with Major U.S. Multiple-System-Operator

SeaChange Secures Multi-Million-Dollar Contract Renewal with Major U.S. Multiple...

27/09/2021

SeaChange International Appoints Veteran TMT Executive Peter D. Aquino as President & Chief Executive Officer

SeaChange International Appoints Veteran TMT Executive Peter D. Aquino as Presid...

27/09/2021

SeaChange International Appoints Veteran TMT...

SeaChange International Appoints Veteran TMT Executive Peter D. Aquino as President & Chief Executive Officer September 27,2021 8:09AM BOSTON, Sept. 27, 2021 (...

13/09/2021

SeaChange Powers Streaming and Advanced Adtech Platform for Chicken Soup for the Soul Entertainment's Popcornflix App

SeaChange Powers Streaming and Advanced Adtech Platform for Chicken Soup for the...

13/09/2021

SeaChange Reports Fiscal Second Quarter 2022 Financial and Operational Results

SeaChange Reports Fiscal Second Quarter 2022 Financial and Operational Results Download as PDF September 13, 2021 4:05pm EDT Related Documents Audio Ear...

08/09/2021

SeaChange International Sets Second Quarter Fiscal 2022 Conference Call for Monday, September 13 at 5:00 p.m. ET

SeaChange International Sets Second Quarter Fiscal 2022 Conference Call for Mond...

02/09/2021

SeaChange to Present at the 10th Annual Gateway Conference on September 9, 2021

SeaChange to Present at the 10th Annual Gateway Conference on September 9, 2021 Download as PDF September 02, 2021 4:15pm EDT WALTHAM, MA / ACCESSWIRE / Sep...

09/08/2021

SeaChange Enables a Fully Migrated Cloud Video Delivery Platform with Unique Analytics and Engagement Services on Amazon Web Services

SeaChange Enables a Fully Migrated Cloud Video Delivery Platform with Unique Ana...

02/08/2021

/C O R R E C T I O N -- SeaChange International, Inc./

/C O R R E C T I O N -- SeaChange International, Inc./ Download as PDF August 02, 2021 8:00am EDT In the news release, Screen iL Selects SeaChange as Techno...

10/06/2021

SeaChange International Reports Fiscal First Quarter 2022 Financial Results

SeaChange International Reports Fiscal First Quarter 2022 Financial Results Download as PDF June 10, 2021 4:05pm EDT Related Documents Audio Earnings We...

03/06/2021

SeaChange International Sets First Quarter Fiscal 2022 Conference Call for Thursday, June 10 at 5:00 p.m. ET

SeaChange International Sets First Quarter Fiscal 2022 Conference Call for Thurs...

07/04/2021

SeaChange International Sets Fourth Quarter and Fiscal 2021 Conference Call for Tuesday, April 13 at 5:00 p.m. ET

SeaChange International Sets Fourth Quarter and Fiscal 2021 Conference Call for ...

01/04/2021

SeaChange International Closes $19.1 Million Underwritten Public Offering of Common Stock Price Above-The-Market

SeaChange International Closes $19.1 Million Underwritten Public Offering of Com...

30/03/2021

SeaChange International Announces Proposed Underwritten Public Offering of Common Stock

SeaChange International Announces Proposed Underwritten Public Offering of Commo...

30/03/2021

SeaChange International Prices $19.1 Million Underwritten Public Offering of Common Stock

SeaChange International Prices $19.1 Million Underwritten Public Offering of Com...

29/03/2021

SeaChange International Secures Multi-Million-Dollar Contract with One of the Largest Broadband Service Providers in the U.S.

SeaChange International Secures Multi-Million-Dollar Contract with One of the La...

15/03/2021

SeaChange International's Strategic Roadmap and Operational Progress Strengthens Company's Position for Fiscal 2022

SeaChange International's Strategic Roadmap and Operational Progress Strengt...

11/02/2021

SeaChange International Appoints Veteran Technology Executive Matthew Stecker to Board of Directors

SeaChange International Appoints Veteran Technology Executive Matthew Stecker to...

01/12/2020

SeaChange International Sets Third Quarter Fiscal 2021 Conference Call for Thursday, December 10 at 5:00 p.m. ET

SeaChange International Sets Third Quarter Fiscal 2021 Conference Call for Thurs...

16/10/2020

SeaChange Selected by Leading Midwest Cable and Telecom Provider, Midco, to Monetize New Video Streaming Service

SeaChange Selected by Leading Midwest Cable and Telecom Provider, Midco, to Mone...

16/10/2020

SeaChange International Reports Fourth Quarter and Fiscal Year 2020 Financial Results

SeaChange International Reports Fourth Quarter and Fiscal Year 2020 Financial Re...

16/10/2020

SeaChange International Issues Business Update in Response to Global Impact of COVID-19

SeaChange International Issues Business Update in Response to Global Impact of C...

16/10/2020

SeaChange to Drive TV Provider Revenues and User Engagement with Amazon Web Services

SeaChange to Drive TV Provider Revenues and User Engagement with Amazon Web Serv...

16/10/2020

SeaChange International Sets First Quarter 2021 Conference Call for Thursday, June 11 at 5:00 p.m. ET

SeaChange International Sets First Quarter 2021 Conference Call for Thursday, Ju...