Exhibit 107
Calculation of Filing Fee Tables
Form S-4
(Form Type)
SeaChange International, Inc.
(Exact Name of Registrant as Specified in its Charter)
Table 1: Newly Registered and Carry Forward Securities
Security Type |
Security |
Fee Calculation or Carry Forward Rule |
Amount Registered |
Proposed Maximum Offering Price Per Unit |
Maximum Aggregate Offering Price |
Fee Rate |
Amount of Registration Fee |
Carry Forward Form Type |
Carry Forward File Number |
Carry Forward Initial effective date |
Filing Fee Previously Paid In Connection with Unsold Securities to be Carried Forward |
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Newly Registered Securities |
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Fees to Be Paid |
Equity | Class A Common Stock, par value $0.01 per share(1) | 457(c), 457(f), 457(i) |
236,172,656(2) | N/A | $34,359,312.08(3) | 0.0000927 | $3,185.11(3) | ||||||||||||||||||||||||
Fees to Be Paid |
Equity | Class B Common Stock, par value $0.01 per share (1) (4) |
457(f) | 30,408,843 | N/A | N/A | 0.0000927 | $ (4) | ||||||||||||||||||||||||
Fees to Be Paid |
Debt | 5% Senior Secured Notes due 2023(5) | 457(c), 457(f), 457(i) |
$75,000,000 | 100% | $59,359,312.08 | 0.0000927 | $5,502.61(6) | ||||||||||||||||||||||||
Fees to Be Paid |
Debt | Guarantees of the 5% Senior Secured Notes due 2023 (7) | 457(n) | N/A | N/A | N/A | 0.0000927 | $ (7) |
Fees Previously Paid |
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Carry Forward Securities |
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Carry Forward Securities |
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Total Offering Amounts | $93,718,624.16 | $8,687.72 | ||||||||||||||||||||||||||||||||
Total Fees Previously Paid | | |||||||||||||||||||||||||||||||||
Total Fee Offsets | | |||||||||||||||||||||||||||||||||
Net Fees Due | $8,687.72 |
(1) | Pursuant to Rule 416(a) of the Securities Act of 1933, as amended (the Securities Act), there are also being registered an indeterminable number of additional securities as may be issued to prevent dilution resulting from stock splits, stock dividends or similar transactions. |
(2) | Represents the estimated maximum number of shares of SeaChange International, Inc. (SeaChange) Class A common stock, par value $0.01 per share, issuable in connection with the completion of the transaction as described herein (including up to 4,595,531 shares of Class A common stock of the registrant estimated to be issuable upon conversion of the 5% Senior Secured Notes due 2023), giving effect to a 10 to 1 reverse stock split of SeaChange common stock expected to be completed immediately prior to the merger, and is based on issuing (i) up to 230,045,282 shares of SeaChange Class A common stock to the estimated maximum number of common units of Triller Hold Co LLC (Triller), to be outstanding immediately prior to the completion of the merger, assuming (x) the exercise of all outstanding options and warrants and conversion of all convertible notes and other securities and (y) 4,696,892 Triller units converting into shares of SeaChange Class B common stock as part of the merger consideration, and (ii) up to 6,127,374 shares of SeaChange Class A common stock to be issued to holders of SeaChange common stock that have their current shares cancelled and elect to receive new shares of SeaChange Class A common stock as part of the merger consideration, assuming the exercise of all outstanding options and conversion of all other securities. |
(3) | Pursuant to Rules 457(f)(1), 457(f)(2), 457(f)(3) and 457(c) under the Securities Act and solely for the purpose of calculating the registration fee, the proposed maximum aggregate offering price is calculated as follows (y) (a) 52,069,572, the estimated maximum number of shares of SeaChange common stock to be exchanged and cancelled for shares of new SeaChange Class A common stock (assuming all SeaChange stockholders elect the stock consideration described herein and the exercise of all outstanding options and conversion of all other securities), multiplied by (b) $1.14, the average of the high and low prices of SeaChange common stock on February 16, 2022, minus (z) $25 million, the estimated aggregate amount of cash to be paid by SeaChange as merger consideration. Triller is a private company, no market exists for its securities, and Triller has an accumulated deficit. Therefore, the proposed maximum aggregate offering price is one-third of the aggregate par value or stated value of the Triller securities expected to be exchanged in the merger; because the Triller securities do not have a par value or stated value, the amount is zero. |
(4) | Represents the estimated maximum number of shares of SeaChange Class B common stock, par value $0.01 per share, issuable in connection with the completion of the transaction as described herein, giving effect to a 10 to 1 reverse stock split of SeaChange common stock expected to be completed immediately prior to the merger, and is based on issuing 46,968,913 Triller units converting into shares of SeaChange Class B common stock. Pursuant to Rule 457(f)(2) under the Securities Act and solely for the purpose of calculating the registration fee, Triller is a private company, no market exists for its securities, and Triller has an accumulated deficit. Therefore, the proposed maximum aggregate offering price is one-third of the aggregate par value or stated value of the Triller securities expected to be exchanged in the merger; because the Triller securities do not have a par value or stated value, the amount is zero. |
(5) | Represents the estimated maximum aggregate principal amount of 5% Senior Secured Notes due 2023 to be issued in the transaction described herein. |
(6) | Pursuant to Rules 457(f)(1) and 457(c) under the Securities Act and solely for the purpose of calculating the registration fee, the proposed maximum aggregate offering price is calculated as follows: (a) 52,069,572, the estimated maximum number of shares of SeaChange common stock to be exchanged and cancelled for 5% Senior Secured Notes due 2023 (and cash), multiplied by (b) $1.14, the average of the high and low prices of SeaChange common stock on February 16, 2022. Under Rule 457(i) promulgated under the Securities Act, there is no additional filing fee payable with respect to the shares of Class A common stock issuable upon conversion of 5% Senior Secured Notes due 2023 because no additional consideration will be received in connection with the exercise of the conversion privilege. |
(7) | Pursuant to Rule 457(n) under the Securities Act, no separate fee is payable for the guarantees of the notes being registered. |