Turtle Beach (HEAR) Registration Filing summary

Company overview and business model

• Premier audio and gaming technology company with a leading market share in console gaming headsets and a broad portfolio of gaming accessories for consoles, PCs, and mobile devices.

• Expanded product lines to include gaming controllers, flight and racing simulation accessories, and acquired Performance Designed Products LLC in March 2024.

• Transitioning all gaming accessories under the Turtle Beach brand, consolidating multiplatform headsets, controllers, mice, keyboards, microphones, and simulation accessories.

• Headquartered in San Diego, California, and incorporated in Nevada in 2010; common stock trades on Nasdaq under the symbol "TBCH."

Financial performance and metrics

• The company was the leading gaming headset manufacturer in the U.S. and globally in 2024.

• The global market for console and PC gaming headsets is estimated at $2.9 billion; gamepad/controllers at $3 billion; PC accessories at $3.9 billion; and simulation accessories at $1.2 billion.

• As of April 11, 2025, there were 20,116,989 shares of common stock outstanding.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used for general corporate purposes, including capital expenditures, acquisitions, and working capital.

• No current agreements or commitments for acquisitions, investments, or licenses.

• Pending use, proceeds may be invested in short-term, interest-bearing instruments or investment-grade securities.