secwatch.observer — SEC 8-K summary
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Issuer:     Digital Turbine, Inc. (APPS)
CIK:        0000317788
Form:       8-K
Filed at:   2023-11-14T23:59:59+00:00
Accession:  0001628280-23-039018
Event type: m_and_a
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/317788/000162828023039018/0001628280-23-039018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/317788/000162828023039018/apps-20231108.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-039018

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