Amended Statement of Beneficial Ownership (sc 13d/a)
September 02 2021 - 6:03AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED
IN STATEMENTS FILED PURSUANT
TO § 240.13d-1(a)
AND AMENDMENTS THERETO FILED PURSUANT TO
§ 240.13d-2(a)
(Amendment No. 2)1
Turtle Beach Corporation.
(Name
of Issuer)
Common Stock, par value $0.001 per share
(Title of Class of Securities)
900450206
(CUSIP Number)
WILLIAM WYATT
THE DONERAIL GROUP LP
240 26th Street
Suite 3
Santa Monica, CA 90402
ANDREW M. FREEDMAN ESQ.
OLSHAN FROME WOLOSKY LLP
1325 Avenue of the Americas
New York, New York 10019
(212) 451-2250
(Name, Address and Telephone Number of Person
Authorized to Receive Notices
and Communications)
August 31, 2021
(Date of Event Which Requires
Filing of This Statement)
If
the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule
13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following
box ¨.
Note: Schedules
filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See
§ 240.13d-7 for other parties to whom copies are to be sent.
1
The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to
the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided
in a prior cover page.
The information required
on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities
Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject
to all other provisions of the Act (however, see the Notes).
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1
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NAME OF REPORTING PERSON
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THE DONERAIL GROUP LP
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a) ☐
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(b) ☐
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS
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WC, AF
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5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
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☐
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Delaware
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NUMBER OF
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7
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SOLE VOTING POWER
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SHARES
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BENEFICIALLY
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-0-
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OWNED BY
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8
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SHARED VOTING POWER
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EACH
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REPORTING
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1,110,816*
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PERSON WITH
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9
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SOLE DISPOSITIVE POWER
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-0-
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10
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SHARED DISPOSITIVE POWER
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1,110,816*
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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1,110,816*
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12
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
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☐
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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6.9%
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14
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TYPE OF REPORTING PERSON
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PN, IA
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*Includes 525,000 Shares underlying call options currently exercisable
as further described in Item 6.
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1
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NAME OF REPORTING PERSON
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WILLIAM WYATT
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a) ☐
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(b) ☐
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS
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WC, AF
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5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
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☐
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
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USA
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NUMBER OF
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7
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SOLE VOTING POWER
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SHARES
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BENEFICIALLY
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-0-
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OWNED BY
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8
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SHARED VOTING POWER
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EACH
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REPORTING
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1,110,816*
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PERSON WITH
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9
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SOLE DISPOSITIVE POWER
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-0-
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10
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SHARED DISPOSITIVE POWER
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1,110,816*
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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|
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1,110,816*
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12
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
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☐
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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6.9%
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14
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TYPE OF REPORTING PERSON
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IN
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*Includes 525,000 Shares underlying call options currently exercisable
as further described in Item 6.
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1
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NAME OF REPORTING PERSON
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HARBERT FUND ADVISORS, INC.
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a) ☐
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(b) ☐
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS
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|
|
|
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|
|
|
|
|
|
|
|
WC, AF
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|
|
5
|
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
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☐
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Alabama
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NUMBER OF
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7
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SOLE VOTING POWER
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SHARES
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|
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BENEFICIALLY
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|
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|
-0-
|
|
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OWNED BY
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8
|
|
SHARED VOTING POWER
|
|
|
EACH
|
|
|
|
|
|
|
REPORTING
|
|
|
|
|
1,110,816
|
|
|
PERSON WITH
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9
|
|
SOLE DISPOSITIVE POWER
|
|
|
|
|
|
|
|
|
|
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|
-0-
|
|
|
|
|
10
|
|
SHARED DISPOSITIVE POWER
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,110,816*
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|
|
|
11
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
|
|
|
|
|
|
|
|
|
|
1,110,816*
|
|
|
|
12
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
☐
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13
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|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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|
|
|
|
|
|
|
|
|
|
|
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6.9%
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|
|
14
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TYPE OF REPORTING PERSON
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CO
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*Includes 525,000 Shares underlying call options currently exercisable
as further described in Item 6.
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1
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NAME OF REPORTING PERSON
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HARBERT MANAGEMENT CORPORATION
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a) ☐
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(b) ☐
|
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3
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SEC USE ONLY
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|
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4
|
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SOURCE OF FUNDS
|
|
|
|
|
|
|
|
|
|
|
|
|
WC, AF
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|
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|
5
|
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
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☐
|
|
|
|
|
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Alabama
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NUMBER OF
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7
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SOLE VOTING POWER
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SHARES
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BENEFICIALLY
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-0-
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OWNED BY
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8
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SHARED VOTING POWER
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EACH
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REPORTING
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1,110,816*
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PERSON WITH
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9
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SOLE DISPOSITIVE POWER
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-0-
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10
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SHARED DISPOSITIVE POWER
|
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|
|
|
|
|
|
|
|
|
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1,110,816*
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
|
|
|
|
|
|
|
|
|
|
1,110,816*
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|
|
|
12
|
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
☐
|
|
|
|
|
|
|
|
|
|
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|
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|
13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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6.9%
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14
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TYPE OF REPORTING PERSON
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CO
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*Includes 525,000 Shares underlying call options currently exercisable
as further described in Item 6.
The following constitutes Amendment
No. 2 to the Schedule 13D filed by the undersigned (“Amendment No. 2”). This Amendment No. 2 amends the Schedule 13D as specifically
set forth herein.
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Item 6.
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Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.
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Item 6 is hereby amended to add the following:
The Donerail Fund has purchased
American-style exchange listed put options referencing an aggregate of 500,000 Shares, which have an exercise price of $23.00 and expire
on September 17, 2021, as further detailed on Schedule B attached hereto, which is incorporated by reference herein.
SIGNATURES
After reasonable inquiry and to the best of
his knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.
Dated: September 1, 2021
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THE DONERAIL GROUP LP
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By:
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/s/ William Wyatt
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Name:
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William Wyatt
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Title:
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Managing Partner
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/s/ William Wyatt
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William Wyatt
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HARBERT FUND ADVISORS, INC.
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By:
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/s/ John W. McCullough
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Name:
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John W. McCullough
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Title:
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Executive Vice President & General Counsel
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HARBERT MANAGEMENT CORPORATION
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By:
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/s/ John W. McCullough
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Name:
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John W. McCullough
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Title:
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Executive Vice President & General Counsel
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SCHEDULE B
Transactions in Securities of the Issuer Since the
Filing of Amendment No. 1 to the Schedule 13D
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Nature of Transaction
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Common Stock
Purchased/(Sold)
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Price Per
Share($)
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Date of
Purchase/Sale
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Purchase of September 2021 Put Options ($23.00 Strike Price) 1
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500,000
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0.3500
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08/31/2021
|
1 Represents
Shares underlying American-style exchange listed put options. These put options expire on September 17, 2021.
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