K&L Gates Advises SeaChange on Merger Forming $5 Billion Public Video App Business

30 Desember 2021

New York – Global law firm K&L Gates has advised video streaming and advertising technology company SeaChange International Inc. (NASDAQ: SEAC) on its deal with short-video social app Triller that will allow private company Triller to go public via a $5 billion reverse merger. The merged business aims to be a leading artificial intelligence-powered social media platform for content, creators and commerce.

The K&L Gates team advising SeaChange includes New York corporate partners Robert Matlin, John Bicks, Jonathan Barron, and Adam Tejeda, Nashville partner David Bartz, and Wilmington partner Lisa Stark.

Matlin remarked: “It has been very fulfilling for our team to assist SeaChange in this transformative transaction.”

Under the terms of the agreement, Triller Hold Co. LLC will combine with SeaChange, with the resulting entity taking the name TrillerVerz Corp. and trading on the Nasdaq under the ticker symbol “ILLR.”

“We have enjoyed working with Rob and his team, and K&L Gates has supported us through every step of this deal,” said Peter Aquino, president and CEO of SeaChange International.

SeaChange provides first-class video streaming, linear TV, and video advertising technology for operators, content owners, and broadcasters globally.

K&L Gates’ corporate practice is one of the most substantial in the legal industry, with more than 500 lawyers in offices on five continents providing clients with practical legal solutions in the structuring, financing, and completion of domestic, international, and cross-border transactions.