Turtle Beach Corporation, Together With The Donerail Group, Announces $20 Million Share Repurchase From Shareholder
Turtle Beach Corporation (Nasdaq: TBCH) has announced a significant share repurchase transaction involving $20 million worth of shares. The company will directly repurchase 694,926 shares at $14.41 per share from Diversis Capital for approximately $10 million.
Simultaneously, The Donerail Group will acquire 693,962 shares at the same price. Following the transaction, Diversis Capital will maintain approximately 10% ownership of Turtle Beach's common stock, subject to a 90-day lock-up agreement. The repurchase was executed under the company's existing $75 million authorization and aligns with their capital return framework.
Turtle Beach Corporation (Nasdaq: TBCH) ha annunciato un'importante operazione di riacquisto di azioni per un totale di 20 milioni di dollari. La societ脿 riacquister脿 direttamente 694.926 azioni da Diversis Capital al prezzo di 14,41 USD per azione, per un importo di circa 10 milioni di dollari.
Contestualmente, The Donerail Group acquisir脿 693.962 azioni allo stesso prezzo. Dopo l'operazione, Diversis Capital deterr脿 circa il 10% del capitale sociale di Turtle Beach, soggetto a un vincolo di lock-up di 90 giorni. Il riacquisto 猫 stato eseguito nell'ambito dell'autorizzazione esistente di 75 milioni di dollari e rientra nel quadro della strategia di ritorno del capitale della societ脿.
Turtle Beach Corporation (Nasdaq: TBCH) ha anunciado una importante recompra de acciones por un total de 20 millones de d贸lares. La compa帽铆a recomprar谩 directamente 694.926 acciones a Diversis Capital a 14,41 USD por acci贸n, por aproximadamente 10 millones de d贸lares.
Simult谩neamente, The Donerail Group adquirir谩 693.962 acciones al mismo precio. Tras la operaci贸n, Diversis Capital mantendr谩 alrededor del 10% del capital social de Turtle Beach, sujeto a un acuerdo de bloqueo de 90 d铆as. La recompra se efectu贸 bajo la autorizaci贸n vigente de 75 millones de d贸lares y se alinea con el marco de retorno de capital de la compa帽铆a.
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霃欖嫓鞐� The Donerail Group電� 霃欖澕 臧�瓴╈溂搿� 693,962欤�毳� 鞚胳垬頃╇媹雼�. 瓯半灅 頉� Diversis Capital鞚� 90鞚� 霛届梾 臁瓣贝 頃橃棎 Turtle Beach 氤错喌欤检潣 鞎� 10%毳� 氤挫湢頃橁矊 霅╇媹雼�. 鞚措矆 毵れ瀰鞚� 旮办〈鞚� 7,500毵� 雼煬 鞀轨澑 頃滊弰 雮挫棎靹� 鞚措（鞏挫鞙茧┌ 須岇偓鞚� 鞛愲掣 頇橃洂 鞝曥眳瓿� 鞚检箻頃╇媹雼�.
Turtle Beach Corporation (Nasdaq: TBCH) a annonc茅 une op茅ration importante de rachat d'actions d'un montant total de 20 millions de dollars. La soci茅t茅 rach猫tera directement 694 926 actions 脿 Diversis Capital au prix de 14,41 USD par action, pour environ 10 millions de dollars.
Parall猫lement, The Donerail Group acquerra 693 962 actions au m锚me prix. Apr猫s la transaction, Diversis Capital conservera environ 10 % du capital de Turtle Beach, soumis 脿 une p茅riode de lock-up de 90 jours. Le rachat a 茅t茅 effectu茅 dans le cadre de l'autorisation existante de 75 millions de dollars et s'inscrit dans la politique de redistribution du capital de la soci茅t茅.
Turtle Beach Corporation (Nasdaq: TBCH) hat einen bedeutenden Aktienr眉ckkauf im Volumen von 20 Mio. USD angek眉ndigt. Das Unternehmen wird 694.926 Aktien direkt von Diversis Capital zu 14,41 USD je Aktie f眉r rund 10 Mio. USD 锄耻谤眉肠办办补耻蹿别苍.
Gleichzeitig wird The Donerail Group 693.962 Aktien zum selben Preis erwerben. Nach der Transaktion wird Diversis Capital etwa 10 % der Stammaktien von Turtle Beach halten, vorbehaltlich einer 90-t盲gigen Lock-up-Vereinbarung. Der R眉ckkauf erfolgte im Rahmen der bestehenden 75 Mio. USD-Genehmigung und entspricht dem Kapitalr眉ckf眉hrungsrahmen der Gesellschaft.
- Strategic $20 million share repurchase demonstrates confidence in company's value
- Transaction executed under existing $75 million authorization, showing strong financial capacity
- Recent debt refinancing provides flexibility for capital allocation
- Enhanced shareholder alignment and ownership stability through structured repurchase
- Diversis Capital maintains significant 10% ownership position
- 90-day lock-up period could create selling pressure after expiration
Insights
TBCH's $10M share repurchase demonstrates financial flexibility and management confidence while stabilizing ownership structure.
Turtle Beach's
This dual transaction reduces Diversis Capital's ownership stake to approximately
From a capital allocation perspective, this repurchase indicates management's belief that investing in their own stock represents good value. The company executed this transaction under their existing
For investors, this transaction signals three important developments: 1) management's conviction that shares represent good value at current levels, 2) increased ownership alignment with a board member through Donerail's investment, and 3) reduced share count that should be accretive to EPS, assuming stable operating performance. The transaction structure also suggests a controlled transition of Diversis's position rather than open market selling pressure that might have otherwise impacted share price.
SAN DIEGO, Aug. 15, 2025 (GLOBE NEWSWIRE) -- Turtle Beach Corporation (Nasdaq: TBCH, the 鈥淐ompany鈥�), a leading gaming accessories brand, today announced it entered into a definitive agreement to repurchase 694,926 shares of common stock from Diversis Capital (鈥淒iversis鈥�), at the 30-day volume weighted average price of
Simultaneous with the Company鈥檚 repurchase, The Donerail Group (鈥淒onerail鈥�), an investment management firm, has acquired 693,962 shares of Turtle Beach common stock from Diversis at the same price per share.
Following the completion of the transaction, Diversis will own approximately
鈥淭his transaction reflects our continued confidence in Turtle Beach鈥檚 strategy and long-term value creation,鈥� said Cris Keirn, CEO of Turtle Beach Corporation. 鈥淲e鈥檙e pleased to have executed this repurchase directly, which aligns with our capital allocation priorities and underscores our belief in the strength of our business.鈥�
鈥淚t has been a privilege to serve on Turtle Beach鈥檚 Board of Directors and work closely with management over the past two years. The Company鈥檚 transformation over that period has been significant,鈥� said Will Wyatt, Managing Partner of The Donerail Group and Turtle Beach board member. 鈥淲e are excited to increase our investment in the Company as the Board drives to create value for all shareholders.鈥�
The repurchase was executed under the Company鈥檚 existing
About聽Turtle Beach
Turtle Beach Corporation (the 鈥淐ompany鈥�) () is one of the world鈥檚 leading gaming accessory providers. The Company鈥檚 namesake Turtle Beach brand () is known for designing best-selling gaming headsets, top-rated game controllers, award-winning PC gaming peripherals, and groundbreaking gaming simulation accessories. Turtle Beach鈥檚 top-rated, fan-favorite Victrix brand is well-respected and favored by pro gamers in esports and the fighting game community. Innovation, first-to-market features, a broad range of products for all types of gamers, and top-rated customer support have made Turtle Beach a fan-favorite brand and the market leader in console gaming audio for over a decade. Turtle Beach鈥檚 shares are traded on the Nasdaq Exchange under the symbol: TBCH.
Cautionary Note on Forward-Looking Statements
This press release includes forward-looking information and statements within the meaning of the federal securities laws. Except for historical information contained in this release, statements in this release may constitute forward-looking statements regarding assumptions, projections, expectations, targets, intentions, or beliefs about future events. Statements containing the words 鈥渕ay,鈥� 鈥渃ould,鈥� 鈥渨ould,鈥� 鈥渟hould,鈥� 鈥渂elieve,鈥� 鈥渆xpect,鈥� 鈥渁nticipate,鈥� 鈥減lan,鈥� 鈥渆stimate,鈥� 鈥渢arget,鈥� 鈥済oal,鈥� 鈥減roject,鈥� 鈥渋ntend鈥� and similar expressions, or the negatives thereof, constitute forward-looking statements. Forward-looking statements are only predictions and are not guarantees of performance. Forward-looking statements in this press release include, but are not limited to, statements regarding potential share repurchases by the Company and the potential refinancing of the Company鈥檚 outstanding loan balance. Forward-looking statements involve known and unknown risks and uncertainties, which could cause actual results to differ materially from those contained in any forward-looking statement. The inclusion of such information should not be regarded as a representation by the Company, or any person, that the objectives of the Company will be achieved. Forward-looking statements are based on management鈥檚 current beliefs and expectations, as well as assumptions made by, and information currently available to, management.
While the Company believes that its expectations are based upon reasonable assumptions, there can be no assurances that its goals and strategy will be realized. Numerous factors, including risks and uncertainties, may affect actual results and may cause results to differ materially from those expressed in forward-looking statements made by the Company or on its behalf. Some of these factors include, but are not limited to, risks related to trade policies, including the imposition of tariffs on imported goods and other trade restrictions, the release and availability of successful game titles, macroeconomic conditions affecting the demand for our products, logistic and supply chain challenges and costs, dependence on the success and availability of third-parties to manufacture and manage the logistics of transporting and distributing our products, the substantial uncertainties inherent in the acceptance of existing and future products, the difficulty of commercializing and protecting new technology, the impact of competitive products and pricing, general business and economic conditions, risks associated with the expansion of our business including the integration of any businesses we acquire and the integration of such businesses within our internal control over financial reporting and operations, our indebtedness, liquidity, and other factors discussed in our public filings, including the risk factors included in the Company鈥檚 most recent Annual Report on Form 10-K, Quarterly Report on Form 10-Q, and the Company鈥檚 other periodic reports filed with the SEC. Except as required by applicable law, including the securities laws of the United States and the rules and regulations of the SEC, the Company is under no obligation to publicly update or revise any forward-looking statement after the date of this release whether as a result of new information, future developments or otherwise.
CONTACTS
Investors:
(646) 277-1285聽
Public Relations & Media:
MacLean Marshall
Sr. Director, Global Communications
Turtle Beach Corporation
(858) 914 -5093
FAQ
What is the size and price of Turtle Beach's (TBCH) share repurchase in August 2025?
How much of Turtle Beach (TBCH) will Diversis Capital own after the share repurchase?
What is the total share repurchase authorization for Turtle Beach (TBCH)?
Who are the key parties involved in the Turtle Beach (TBCH) share repurchase transaction?
How does this share repurchase affect Turtle Beach's (TBCH) capital allocation strategy?
