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Stock impact report

SeaChange Announces an Amended Purchase Agreement with Partner One Along with an Increased Purchase Price as Go-Shop Period Ends

SeaChange International, Inc. (SEAC) 
Last seachange international, inc. earnings: 4/6 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.schange.com
Company Research Source: GlobeNewswire
BOSTON, April 10, 2024 (GLOBE NEWSWIRE) -- SeaChange International, Inc. (OTC: SEAC) (“SeaChange” or the “Company”), a leading provider of video delivery, advertising, streaming platforms, and emerging Free Ad-Supported Streaming TV services (FAST) development, has entered into an omnibus amendment (such amendment, the “Amendment to the Purchase Agreements”) to the previously announced asset purchase agreement and software purchase agreement (the “Original Purchase Agreements”) with affiliates of Partner One, one of the fastest-growing software conglomerates in the world, in response to an acquisition proposal from a third party that the Company received during its go-shop period, which expired on April 8, 2024. Under the Amendment to the Purchase Agreements, Partner One, through its affiliates, will acquire substantially all of SeaChange’s assets related to its product and services business (the “Amended Asset Sale”), and will assume certain liabilities, for an aggregate purchase p Show less Read more
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