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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Fri., Feb. 12, 6:54 AM

Slide #8. Turtle Beach Corporation Secondary Offering

Company: Turtle Beach Corporation (NASDAQ:HEAR)
Date announced: 2/1/2016
Shares Offered: 5,000,000
Date of Pricing: 2/2/2016
Price Per Share: $1.00
Secondary Offering Details: Turtle Beach Corporation (NASDAQ: HEAR), a leading audio technology company, announced today its intention to offer and sell shares of its common stock in an underwritten public offering (the Offering). The Offering is subject to market, regulatory and other conditions and there can be no assurance as to whether or when the Offering may be completed, or as to the actual size or terms of the Offering. -updated 2/2 - Turtle Beach Corporation (NASDAQ: HEAR), a leading audio technology company, announced the pricing of an underwritten public offering of 5,000,000 shares of its common stock at a price to the public of $1.00 per share (the Offering) and a separate, concurrent, side-by-side private placement of 1,700,000 shares of its common stock at a price of $1.00 per share. Turtle Beach has also granted the underwriters of the Offering a 30-day option to purchases up to an additional 750,000 shares of common stock. Assuming no exercise of the underwriters option, Turtle Beach expects to receive approximately $6.2 million in net proceeds from the Offering and the concurrent, side-by-side private placement. The Offering is expected to close on or about February 5, 2016, subject to customary closing conditions.

Turtle Beach is an audio company engaged in developing, commercializing and marketing audio technologies across a range of markets under the Turtle Beach® and HyperSound® brands. Co. is a provider of headset solutions for use across various platforms, including video game and entertainment consoles, handheld consoles, personal computers, tablets and mobile devices. Co. provides a variety of headsets, spanning various wired and wireless retail price points ranging from $30 to $300 and has offerings across all primary gaming platforms.
Open the HEAR Page at The Online Investor »

Company Name:  Turtle Beach Corp
Website:  www.parametricsound.com
Sector:  Consumer Goods
Number of ETFs Holding HEAR:  2
Total Market Value Held by ETFs:  $26104
Total Market Capitalization:  $43.00M
% of Market Cap. Held by ETFs:  0.06%
 

Open the HEAR Page at The Online Investor (in a new window) »

February 12, 2016    6:54 AM Eastern
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