SeaChange International, Inc. (OTCPK:SEAC) announces a share repurchase program. Under the program, the company will repurchase up to $6.16 million worth of its outstanding shares. The shares will be repurchased at a price per share of not less than $6.75 per share and not more than $7.25 per share.

The company expects to use cash and cash equivalents to fund the purchase of shares. The company expressly reserves the right to purchase additional shares up to 2% of the issued and outstanding shares without amending or extending the offer. The offer will expire on July 10, 2024.