Turtle Beach Corporation announced a $20 million share repurchase from shareholder Diversis Capital.
The repurchase involved the acquisition of 694,926 shares of common stock at $14.41 per share.
The Donerail Group also acquired 693,962 shares at the same purchase price.
Share Repurchase Details
694,926 shares repurchased at $14.41 per share totaling $10 million.
Donerail Group Acquisition
Donerail acquired 693,962 shares alongside the repurchase.
Enhanced Ownership Stability
Transaction enhances shareholder alignment and stability.
- The transaction reflects confidence in Turtle Beach's strategy and value creation.
- The company's capital allocation priorities are highlighted through this repurchase.
- The completed debt refinancing provided flexibility for the transaction.
The share repurchase and acquisition demonstrate continued confidence in Turtle Beach's future growth and value creation strategies.