secwatch.observer — SEC 8-K summary
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Issuer:     Digital Turbine, Inc. (APPS)
CIK:        0000317788
Form:       8-K
Filed at:   2022-05-25T23:59:59+00:00
Accession:  0001628280-22-015358
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/317788/000162828022015358/0001628280-22-015358-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/317788/000162828022015358/apps-20220519.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-015358

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