other material
confidence high
sentiment neutral
materiality 0.65
Digital Turbine fixes AdColony earn-out at $204.5M, due Jan 15, 2022
Digital Turbine, Inc.
- Earn-out payment amount fixed at $204.5M in cash, payable on or before January 15, 2022.
- All earn-out support obligations under original Purchase Agreement eliminated.
- Amendment deletes definitions of earn-out targets, net revenue, and other contingent calculations.
- Schedules 1.2(c) and 1.2(c)(i) deleted, reflecting fixed amount.
- No other changes to Purchase Agreement remain in effect.