Turtle Beach repurchases $10M in shares; Donerail acquires additional $10M stake

Turtle Beach Corp

Company repurchased 694,926 shares at $14.41/share from Diversis Capital for ~$10M, to be held in treasury.
Donerail Group (affiliated with board member Will Wyatt) acquired 693,962 shares at same price for ~$10M, increasing its stake.
Following the transaction, Diversis Capital now owns ~10% of TBCH; remaining shares subject to 90-day lock-up.
Repurchase executed under existing $75M authorization; debt refinancing provided additional flexibility.
Transaction approved by Audit Committee comprising independent directors not affiliated with sellers.

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