Item 2.02 Results of Operations and Financial Condition.
Attached as Exhibit 99.1 hereto, and incorporated herein by reference, is a copy
of the press release issued by SeaChange International, Inc. ("SeaChange") dated
June 12, 2023, reporting SeaChange's financial results for the quarter ended
April 30, 2023.
The information contained in this Item 2.02 and Exhibit 99.1 attached hereto and
incorporated herein by reference is being furnished and shall not be deemed
"filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as
amended (the "Exchange Act"), or otherwise subject to the liabilities of that
section, unless SeaChange specifically states that the information is to be
considered "filed" under the Exchange Act or incorporates it by reference into a
filing under the Securities Act of 1933, as amended.
Item 8.01 Other Events.
On June 7, 2023, SeaChange received written notice (the "Notice") from the
Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq")
stating that SeaChange has regained compliance with the minimum bid price
requirement under Nasdaq Listing Rule 5550(a)(2) (the "Bid Price Rule") for
continued listing on The Nasdaq Capital Market because SeaChange's common stock
had a closing bid price of at least $1.00 per share for 10 consecutive business
days. Accordingly, in the Notice, Nasdaq stated that the matter is now closed.
There can be no assurance, however, that SeaChange will be able to maintain
compliance with the Bid Price Rule in the future.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
The following Exhibit is attached to this report:
Exhibit
No. Description
99.1 Press release issued by SeaChange International, Inc. dated June 12,
2023.
104 Cover Page Interactive Data File, formatting Inline Extensible Business
Reporting Language (iXBRL).
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