---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-039018"
form_type: "8-K"
ticker: "APPS"
cik: "0000317788"
company_name: "Digital Turbine, Inc."
filed_at: "2023-11-14T23:59:59+00:00"
generated_at: "2026-06-08T04:16:23.824264+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-23-039018
- form_type: 8-K
- ticker: APPS
- cik: 0000317788
- company_name: Digital Turbine, Inc.
- filed_at: 2023-11-14T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/317788/000162828023039018/0001628280-23-039018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/317788/000162828023039018/apps-20231108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-039018
- JSON: https://secwatch.observer/filing/0001628280-23-039018.json
- Plain text: https://secwatch.observer/filing/0001628280-23-039018.txt

## Key facts
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/317788/000162828023039018/0001628280-23-039018-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.