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Turtle Beach Corp announces extension of lock-up agreements

Thursday, 10 Jul 2014 07:30pm EDT 

Turtle Beach Corp:Says that certain shareholders of Turtle Beach holding majority of the shares outstanding have agreed to voluntary extension of lock-up restrictions regarding sale or other disposition of their shares of the company's stock, originally agreed to in connection with the company's Jan. 2014 merger.Lock-up period end date has been extended from July 16, 2014 to April 1, 2015, subject to certain limited exceptions.Group of shareholders that voluntarily participated in the lock-up extension represents more than about 72.4 pct. of the company's outstanding shares.And includes SG VTB Holdings, LLC, the company's largest shareholder, two founders of Turtle Beach's headset business, the company's chairman of the board and the company's chief executive officer. 

Company Quote

0.08 +1.40%
4:00pm EDT