AVID TECHNOLOGY, INC. (NASDAQ:AVID) Files An 8-K Regulation FD Disclosure

AVID TECHNOLOGY, INC. (NASDAQ:AVID) Files An 8-K Regulation FD Disclosure

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Item 7.01. Regulation FD Disclosure

On June 30, 2017, Avid Technology, Inc. (the Company) issued a
press release (the Press Release) announcing an amendment to the
securities purchase agreement entered into by the Company on
January 26, 2017 with Beijing Jetsen Technology Co., Ltd. The
Press Release is furnished as Exhibit 99.1 to this Current Report
on Form 8-K (the Form 8-K).
Limitation on Incorporation by Reference. The information
furnished in Item 7.01, including the Press Release attached
hereto as Exhibit 99.1, 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, nor shall such information be deemed incorporated
by reference in any filing under the Securities Act of 1933, as
amended, or the Exchange Act, except as expressly set forth by
specific reference in such a filing.
Cautionary Note Regarding Forward-Looking Statements. Except for
historical information contained in this Form 8-K and the Press
Release attached as Exhibit 99.1 hereto, the Form 8-K and Press
Release contain forward-looking statements that involve certain
risks and uncertainties that could cause actual results to differ
materially from those expressed or implied by these statements.
Please refer to the cautionary notes in the Press Release
regarding these forward-looking statements.
Item 9.01. Financial Statements and Exhibits.
The following exhibit shall be deemed to be furnished, and not
(d) Exhibits.
Press Release dated June 30, 2017.

EX-99.1 2 a06-30x2017exhibit991.htm EXHIBIT 99.1 PRESS RELEASE Exhibit Avid Provides Update on Jetsen Equity Investment; Commercial Alliance Underway Following Successful LaunchCompanies have agreed to amend the terms of the previously announced securities purchase agreement and extend the time period for Jetsen to obtain the required Chinese regulatory approval,…
To view the full exhibit click here

Avid Technology, Inc. is a provider of an open and integrated technology platform, along with applications and services that enable the creation, distribution and monetization of audio and video content. The Company develops, markets, sells and supports software and hardware for digital media content production, management, secured content storage and distribution. The Company’s products are used in production and post-production facilities; film studios; network, affiliate, independent and cable television stations; recording studios; live-sound performance venues; advertising agencies; government and educational institutions; corporate communication departments, and by independent video and audio creative professionals, as well as aspiring professionals and enthusiasts. Projects produced using its products include feature films, television programs, live events, news broadcasts, commercials, music, video and other digital media content.

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