2023-08-08 09:16:18 ET
- SeaChange International ( NASDAQ: SEAC ) has announced its voluntary decision to deregister its common stock with the U.S. SEC and delist its Common Stock from The Nasdaq.
- The Co. intends to file a Form 25 with the SEC to remove its Common Stock from listing on Nasdaq and to deregister its Common Stock, on or about August 18, 2023, and as a result, the Co. expects that the last trading day of its Common Stock on Nasdaq will be on or about Aug. 28, 2023.
- The Co. expects that the voluntary delisting from Nasdaq and “going dark” will save SeaChange significant money, which can be used to execute the Co.’s standalone plan, and thus will provide a benefit to the Co.’s stockholders.
- SEAC -39.9% premarket to $4.73.
For further details see:
SeaChange announces voluntary SEC deregistration, Nasdaq delisting