SeaChange tumbles after pulling proposed merger with Triller

Tiber Ventures

14/06/2022 13:07

** Shares of SeaChange International Inc  SEAC.O  fall 34.4%
to 45 cents premarket 
    ** Says ends proposed reverse merger deal with short video
app Triller 
    ** Triller in December agreed to go public through a merger
with SEAC, in a deal that valued combined entity at around $5
bln  urn:newsml:reuters.com:*:nL4N2T72NS
    ** A reverse merger is a deal wherein a private company goes
public by buying a listed company
    ** Says agreed to end the deal as it was "no longer possible
to complete the merger prior to its termination date of June 30,
2022"  urn:newsml:reuters.com:*:nGNX6CRvnz


 (Reporting by Chavi Mehta in Bengaluru)
 ((Chavi.Mehta@thomsonreuters.com;))