Turtle Beach Corporation announced a $20 million share repurchase from shareholder Diversis Capital.
The Donerail Group, an investment management firm, also acquired shares of Turtle Beach common stock from Diversis.
The transaction reflects confidence in Turtle Beach's strategy and long-term value creation.
Share Repurchase
Agreement to repurchase 694,926 shares of common stock from Diversis Capital for $10 million.
Ownership Update
Donerail Group acquired 693,962 shares of Turtle Beach common stock from Diversis.
Management Confidence
Company's CEO expressed confidence in the business strategy and value creation.
- The repurchase enhances shareholder alignment and ownership stability.
- Transaction executed in compliance with the Company's credit agreement and capital return framework.
The completion of the share repurchase and debt refinancing demonstrates Turtle Beach Corporation's commitment to creating value for shareholders.