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Lake Street serves as the sole placement agent for Turtle Beach Corporation (NasdaqGM: HEAR) in its PIPE transaction in which it issued to institutional investors 1,307,143 shares of common stock and pre-funded warrants exercisable for 550,000 shares.

April 27, 2018

Lake Street is pleased to announce that it served as the sole placement agent for Turtle Beach Corporation (NasdaqGM: HEAR) in a PIPE transaction in which it issued to institutional investors 1,307,143 shares of common stock and pre-funded warrants exercisable for 550,000 shares of common stock in exchange for $19.3M of 8% Series B Preferred Stock of Turtle Beach Subsidiary, VTB Holdings, Inc. held by the investors. The market value of the issued shares and warrants as of the closing price on April 24th, the date of signing the agreement, was $8,431,429.

About Turtle Beach Corporation

Turtle Beach has been revolutionizing console multiplayer gaming since the very beginning with its wide selection of industry leading, award-winning gaming headsets.  Amazing audio quality, crystal-clear communication, lightweight and comfortable designs, innovative and advanced technology, and ease-of-use are just a few features that have made Turtle Beach a fan-favorite brand for gamers the world over. Made for Xbox and PlayStation® consoles as well as for PC and mobile devices, having a Turtle Beach gaming headset in your arsenal gives you the competitive advantage.

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