 WALTHAM, Mass., April 01, 2021 GLOBE NEWSWIRE -- SeaChange International, Inc. SeaChange or the Company NASDAQ: SEAC, a leading provider of video delivery platforms, today announced the closing of an underwritten public offering of 10,323,484 shares of common stock of the Company for total gross proceeds to the Company of approximately 19.1 million. The offering was priced at 1.85 per share, which was above the five-day average closing price of 1.26. In addition, 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. The Company intends to use the net proceeds from this offering for general corporate purposes, including, but not limited to, working capital, potential acquisitions, and other business opportunities. 