Tiber Ventures, Inc. (fka SeaChange International, Inc.) Announces Preliminary Tender Offer Results 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 $6.16 million shares (the “Shares”) of its common stock (“Common Stock”), which expired one minute after 4:59 P.M. Eastern Daylight Time on July 25, 2024. Based on the preliminary count by the depositary for the Tender ...
Tiber Ventures, Inc. (fka SeaChange International, Inc.) Updates Tender Offer Expiration Date BOSTON, July 11, 2024 (GLOBE NEWSWIRE) -- Tiber Ventures, Inc., formerly known as SeaChange International, Inc., (OTC: SEAC) (“Tiber”) today announced that its modified “Dutch auction” Tender Offer (the “Tender Offer”) will be extended for ten business days and will now expire one minute after 4:59 P.M. Eastern Daylight Time on July 25, 2024 unless further extended by Tiber or otherwise terminated (the “Expiration Time”). Tenders of shares must be made on or prior to the expiration of the Tend...
Tiber Ventures, Inc. (fka SeaChange International, Inc.) Announces Tender Offer for up to $6.2mm of Shares of its Common Stock BOSTON, June 10, 2024 (GLOBE NEWSWIRE) -- Tiber Ventures, Inc., formerly known as SeaChange International, Inc., (OTC: SEAC) ("Tiber Ventures") today is announcing a modified "Dutch auction" tender offer to purchase with cash up to $6.16 million of shares of its common stock, at a price per share of not less than $6.75 and not more than $7.25. The complete terms of the tender offer are set forth in the Offer to Purchase and the related Letter of Transmittal, each ...
SeaChange Completes Sale of Substantially All of its Assets to Enghouse BOSTON, May 09, 2024 (GLOBE NEWSWIRE) -- . (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, today announced that it has closed its previously announced transaction to sell substantially all of SeaChange’s assets related to its product and services business to Enghouse Systems Limited (“Enghouse”), a leading global telecommunication technology and solutions company that provides ne...
SeaChange Announces an Agreement to be Acquired by Enghouse and Termination of Previously Announced Proposed Acquisition by Partner One BOSTON, April 24, 2024 (GLOBE NEWSWIRE) -- . (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 asset purchase agreement (the “Enghouse Purchase Agreement”) under which an affiliate of Enghouse Systems Limited (“Enghouse”), a leading global telecommunication technology and solutions company that prov...
SeaChange Announces a Second Amendment to Purchase Agreement with Partner One Along with Further Increased Purchase Price BOSTON, April 18, 2024 (GLOBE NEWSWIRE) -- . (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 a second omnibus amendment (such amendment, “Amendment No. 2”) to the asset purchase agreement and software purchase agreement (the “Original Purchase Agreements”) previously announced on March 11, 2024, as amended by the ...
SeaChange Announces an Amended Purchase Agreement with Partner One Along with an Increased Purchase Price as Go-Shop Period Ends BOSTON, April 10, 2024 (GLOBE NEWSWIRE) -- . (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 affili...
SeaChange to be Acquired by Partner One BOSTON, March 11, 2024 (GLOBE NEWSWIRE) -- (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 asset purchase agreement (the “Purchase Agreement”) under which an affiliate of Partner One, one of the fastest-growing software conglomerates in the world, will acquire substantially all of SeaChange’s assets related to its product and services business (the “Asset Sale”), and will assume certain lia...
SeaChange Reports Estimated and Unaudited Preliminary Fiscal Third Quarter and Nine Month Fiscal 2024 Financial Results Board of Directors Authorizes Up To $2.25 Million Stock Repurchase Program BOSTON, Nov. 20, 2023 (GLOBE NEWSWIRE) -- SeaChange International, Inc. (OTCPK: SEAC) (the “Company”), a leading provider of video delivery, advertising, streaming platforms, and emerging FAST (Free Ad-Supported Streaming TV services) products, has presented estimated and unaudited preliminary financial results for the three and nine months ended October 31, 2023. Preliminary Fiscal Third Q...
Univer Video Selects SeaChange to Boost Global Campaign with OTT Relaunch BOSTON, Nov. 14, 2023 (GLOBE NEWSWIRE) -- SeaChange International, a leading provider of video delivery, advertising, streaming platforms, and emerging FAST (Free Ad-Supported Streaming TV services) products, and Univer Video, the streaming service of the Universal Church of the Kingdom of God, today announced the relaunch of Univer’s global streaming service with SeaChange’s streaming enablement platform, StreamVid. The relaunched service will leverage StreamVid’s flexible support for multiple languages, currenc...
FOX Sports Mexico and SeaChange Demonstrate the Future of Live Sports in Dolby Vision and Dolby Atmos at Nextv Miami BOSTON, Oct. 31, 2023 (GLOBE NEWSWIRE) -- SeaChange International, a leading provider of video delivery, advertising, streaming platforms, and emerging FAST (Free Ad-Supported Streaming TV services) products, along with FOX Sports Mexico, a leading multiplatform brand broadcasting Paid TV channels FOX Sports, FOX Sports 2, FOX Sports 3, and FOX Sports Premium, and Dolby Laboratories, a leader in immersive entertainment experiences, are showcasing the future of live sports i...
SeaChange Appoints Chris Klimmer CEO Klimmer is set to lead SeaChange’s evolution into video tech powerhouse First initiatives include the extension of SeaChange’s product portfolio with AI and Web 3.0 use cases BOSTON, Sept. 27, 2023 (GLOBE NEWSWIRE) -- (“SeaChange” or the “Company”), a leading provider of video delivery, advertising, streaming platforms, and emerging Free Ad-Supported Streaming TV services (FAST) development, today announced the promotion of Chris Klimmer to President, CEO and a member of the Board of Directors, effective immediately. As SeaChange’s CRO and later ...
SeaChange Adopts Tax Benefits Preservation Plan to Protect Tax Assets BOSTON, Aug. 16, 2023 (GLOBE NEWSWIRE) -- (NASDAQ: SEAC), (“SeaChange” or the “Company”), a leading provider of video delivery, advertising, streaming platforms, and emerging Free Ad-Supported Streaming TV services (FAST) development, today announced that its Board of Directors (the “Board”) adopted a Tax Benefits Preservation Plan, dated August 16, 2023 (the “Plan”), by and between the Company and Computershare Trust Company, N.A., as rights agent, that is intended to protect and preserve the ability of the Company to...
SeaChange Announces Voluntary SEC Deregistration and Nasdaq Delisting BOSTON, Aug. 08, 2023 (GLOBE NEWSWIRE) -- (NASDAQ: SEAC), (“SeaChange” or the “Company”), a leading provider of video delivery, advertising, streaming platforms, and emerging Free Ad-Supported Streaming TV services (FAST) development, today announced its voluntary decision to deregister its common stock (the “Common Stock”) with the U.S. Securities and Exchange Commission (the “SEC”) and delist its Common Stock from The Nasdaq Stock Market LLC (“Nasdaq”). The Company intends to file a Form 25 with the SEC to remove it...
SeaChange International, Inc. Announces Reverse Stock Split BOSTON, May 22, 2023 (GLOBE NEWSWIRE) -- (NASDAQ: SEAC) (“SeaChange” or the “Company”), a leading provider of video delivery, advertising, streaming platforms, and emerging FAST (Free Ad-Supported Streaming TV services) development, today announced that it has resolved to effect a reverse stock split of the Company’s issued common stock and has determined the ratio to be 1-for-20. The Company’s stockholders approved the reverse stock split and granted the SeaChange board of directors the authority to determine the exact split ra...
SeaChange Reports Fiscal Q4 and Full Year 2023 Financial and Operational Results Quarterly revenue increased 23% sequentially and 19% year-over-year to $10.2 million, representing the highest quarterly level in three yearsQuarterly gross margin expanded to 73%, also marking highest level in three yearsGenerated $1.7 million in GAAP net income and $1.7 million in adjusted earnings before interest taxes depreciation and amortization “Adjusted EBITDA” for fiscal fourth quarter 2023Total revenue for fiscal 2023 increased 19% year-over-year to $32.5 million, primarily driven by software developm...
SeaChange Sets Fourth Quarter and Fiscal Year 2023 Conference Call for Wednesday, April 5 at 4:30 p.m. ET BOSTON, March 27, 2023 (GLOBE NEWSWIRE) -- (NASDAQ: SEAC) (“SeaChange” or the “Company”), a leading provider of video delivery, advertising, streaming platforms, and emerging FAST (Free Ad-Supported Streaming TV services) development, will hold a conference call on Wednesday, April 5, 2023 at 4:30 p.m. Eastern time to discuss its financial results for the fourth quarter and full-year ended January 31, 2023. Financial results will be issued in a press release prior to the call. SeaCh...
VIDAA Announces Launch of Streaming Service, ‘VIDAA Free’ SeaChange International leveraged its Xstream™ technology to team with VIDAA to jointly develop VIDAA’s new Online Video Platform VIDAA Free will be available on Millions of Connected TVs starting in the US, followed by a Global Rollout Later in 2023 ATLANTA, Feb. 07, 2023 (GLOBE NEWSWIRE) -- VIDAA USA Inc., today launched VIDAA Free, its streaming hub of free advertising supported video, and is now available on millions of connected TVs powered by VIDAA, a smart TV operating system and content platform preinstalled on most TVs ...
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