Digital Turbine issues 1.18M earn-out shares to Tennor for Fyber acquisition

Digital Turbine, Inc.

Issued 1,181,862 shares of common stock to Tennor Holding B.V. as earn-out payment.
Earn-out triggered by Fyber's net revenues reaching at least $100M for the 12 months ended March 31, 2022.
Shares issued on May 19, 2022 under Section 4(a)(2) exemption to an accredited investor.
No cash portion of the earn-out was paid; the earn-out value is capped at $50M.
Shares are unregistered and subject to resale restrictions under U.S. securities laws.

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