SeaChange Announces a Second Amendment to Purchase Agreement with Partner One Along with Further Increased Purchase Price - Seite 2

On or about March 22, 2024, SeaChange mailed a proxy statement (the “Proxy Statement”) to consider and vote on proposals relating to the Original Asset Sale. On or about April 11, 2024, SeaChange posted on www.proxyvote.com a proxy supplement (“Proxy Supplement No. 1”) regarding the First Amended Asset Sale. Due to Amendment No. 2 and the Second Amended Asset Sale, SeaChange intends to post a new proxy supplement (“Proxy Supplement No. 2”) on www.proxyvote.com on or about April 18, 2024 supplementing the Proxy Statement and Proxy Supplement No. 1 to all SeaChange stockholders entitled to vote at the Special Meeting regarding certain material details of the Second Amended Asset Sale that differ from the Original Asset Sale and the First Amended Asset Sale. Please carefully read the Proxy Statement, Proxy Supplement No. 1 and Proxy Supplement No. 2, along with the exhibits attached thereto, but please note that applicable SeaChange stockholders should use the proxy card that was previously sent to them with the Proxy Statement. Also, SeaChange stockholders should please note that Proposal No.1 on the proxy card now refers to the Second Amended Asset Sale. If SeaChange stockholders have already delivered a properly executed proxy and do not wish to change their vote, they do not need to do anything.

Needham & Company, LLC is acting as exclusive financial advisor to SeaChange in this transaction, and K&L Gates LLP is acting as legal counsel to SeaChange in this transaction.

About SeaChange International, Inc.
SeaChange International, Inc. (OTC: SEAC) provides first-class video streaming, linear TV, and video advertising technology for operators, content owners, and broadcasters globally. SeaChange technology enables operators, broadcasters, and content owners to cost-effectively launch and grow premium linear TV and direct-to-consumer streaming services to manage, curate, and monetize their content. SeaChange helps protect existing and develop new and incremental advertising revenues for traditional linear TV and streaming services with its unique advertising technology. SeaChange enjoys a rich heritage of nearly three decades of delivering premium video software solutions to its global customer base.