Sichenzia Ross Ference LLP Represents SeaChange International, Inc. in $19.1 Million Public Offering of Common Stock
Press Release – New York, NY – April 5, 2021 – Sichenzia Ross Ference LLP today announced that it represented SeaChange International, Inc. (NASDAQ: SEAC), a leading provider of video delivery platforms, in a public offering of 10,323,484 shares of the company’s common stock. The offering was priced at $1.85 per share, which was above the five-day average closing price of $1.26. The gross proceeds were approximately $19.1 million. Additionally, the Company has granted the underwriter an option to purchase an additional 15 percent of the common stock offered in the public offering solely to cover over-allotments, if any, exercisable for 45 days after the closing of this offering, which if exercised, would bring total gross proceeds to approximately $22.0 million.
Aegis Capital Corp. acted as sole bookrunner for the offering.
The offering was 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 and declared effective on March 16, 2021.
The Sichenzia Ross Ference LLP team was led by partners Gregory Sichenzia, Avital Perlman, Jeffrey Cahlon, associate Terra Melson and law clerk Zachary Weiss.
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