Turtle Beach Corporation Announces Termination of Rights Agreement
16 Junho 2023 - 5:05PM
Business Wire
Turtle Beach Corporation (Nasdaq: HEAR, the “Company”), a
leading gaming headset and audio accessory brand, today announced
that its Board of Directors (the “Board”) has unanimously approved
the termination of the Company’s rights agreement, commonly
referred to as a “poison pill”, which was originally scheduled to
expire on March 28, 2024. The rights agreement was amended to
accelerate the expiration date to June 15, 2023, effectively
terminating the agreement as of that date.
“Turtle Beach is committed to enhancing its governance policies
for the benefit of stockholders,” said Terry Jimenez, Chairman of
the Board. “The termination of the rights agreement advances that
objective.”
Stockholders are not required, nor do they need to take any
action because of the termination of the rights agreement.
About Turtle Beach Corporation
Turtle Beach Corporation (www.turtlebeachcorp.com) is one of the
world’s leading gaming accessory providers. The Company’s namesake
Turtle Beach brand (www.turtlebeach.com) is known for designing
best-selling gaming headsets, top-rated game controllers, and
groundbreaking gaming simulation accessories. 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’s ROCCAT brand (www.ROCCAT.com)
combines detail-loving German innovation with a genuine passion for
designing the best PC gaming products, including award-winning
keyboards, mice, headsets, mousepads, and other PC accessories.
Turtle Beach’s shares are traded on the Nasdaq Exchange under the
symbol: HEAR.
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version on businesswire.com: https://www.businesswire.com/news/home/20230616524695/en/
For Investor Information, Contact:
Cody Slach or Alex Thompson Gateway Investor Relations 949.574.3860
HEAR@gatewayir.com
For Media Information, Contact:
MacLean Marshall Sr. Director, Public Relations & Brand
Communications Turtle Beach Corporation 858.914.5093
maclean.marshall@turtlebeach.com
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