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2021-12-23

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SEAC Stock: 15 Things We Know as TikTok Competitor Triller Confirms Reverse Merger Plans

SeaChange International(NASDAQ:SEAC) stock is rocketing higher on Wednesday thanks to news of a merg

SEAC Stock: 15 Things We Know as TikTok Competitor Triller Confirms Reverse Merger Plans

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSEAC Stock: 15 Things We Know as TikTok Competitor Triller Confirms Reverse Merger Plans\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-23 10:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/12/seac-stock-15-things-we-know-as-tiktok-competitor-triller-confirms-reverse-merger-plans/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SeaChange International(NASDAQ:SEAC) stock is rocketing higher on Wednesday thanks to news of a merger agreement with Triller.\nLet’s take in all that news below!\n\nThe agreement will have Triller and ...</p>\n\n<a href=\"https://investorplace.com/2021/12/seac-stock-15-things-we-know-as-tiktok-competitor-triller-confirms-reverse-merger-plans/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SEAC":"海易国际"},"source_url":"https://investorplace.com/2021/12/seac-stock-15-things-we-know-as-tiktok-competitor-triller-confirms-reverse-merger-plans/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144834386","content_text":"SeaChange International(NASDAQ:SEAC) stock is rocketing higher on Wednesday thanks to news of a merger agreement with Triller.\nLet’s take in all that news below!\n\nThe agreement will have Triller and SeaChange International enacting a reverse merger.\nThat means that once the merger is complete, the new company will operate as TrillerVerz.\nTo go along with that, the ticker for the company’s stock will switch from SEAC to ILLR.\nThis has the two companies expecting a value of $5 billion for the combined company.\nTrillerVerz is looking to create a business focused on the Web3.0 movement.\nThis has it looking to become the voice of users in the 18- to the 34-year-old age group.\nThat would have it challenging TikTok as a social media platform for creators and influencers.\nWhen the deal closes, the new company will be led by TrillerVerz CEO Mahi de Silva.\n\n\nPeter Aquino, current president and CEO of SeaChange International, will stick around as part of the new company’s team.\nThe Boards of Directors at both companies have given their support to the deal.\nThis has the two companies expecting the reverse merger to close sometime in the first quarter of 2022.\nRumors of a deal between the two companies kicked off last week.\nSEAC stock is experiencing heavy trading on today’s news.\nThat has some 137 million shares of the stock changing hands.\nFor the record, its daily average trading volume is closer to 7 million shares.\n\nSEAC stock is up 9.5% on Wednesday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1208,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":29,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"hasMoreComment":false,"orderType":2}