Digital Turbine increases Aptoide stake to 18.6% with €8.5M investment, extends call option to Nov 2024

Digital Turbine, Inc.

Invested additional €8.5M in Aptoide Class A1 Preferred Shares, increasing holdings from 10.6% to 18.6% of fully diluted equity.
Extended call option to purchase Aptoide until November 15, 2024; purchase price based on agreed fair value.
Digital Turbine USA gains right to purchase another 173,913 shares at same per-share price on or before Nov 15, 2024.
Aptoide to use proceeds for product development, hiring, and up to €3.5M to repurchase shares from certain shareholders.
Digital Turbine receives board appointment rights (one member and one observer); CEO Bill Stone serves as designee.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Digital Turbine, Inc. amended Addendum to the Class A1 Preferential Shares Investment Agreement with Aptoide, S.A. valued at €8,500,000 (effective 2023-11-08).

Action: amendment
Agreement: equity purchase
Counterparty: Aptoide, S.A.
Value: €8,500,000
Effective: 2023-11-08

Exact text from the filing

On November 10, 2023, pursuant to an Addendum to the Class A1 Preferential Shares Investment Agreement, dated November 8, 2023, by and among Digital Turbine USA, Aptoide, and each of the shareholders of Aptoide party thereto (the “Addendum”), we invested an additional €8,500,000, receiving an additional 985,507 Class A1 Preferred Shares of Aptoide

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Source: SEC EDGAR

accession 0001628280-23-039018

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