Hudson Bay Capital Amends Turtle Beach Stake Filing

TL;DR

**Hudson Bay Capital still owns a chunk of Turtle Beach, per their latest filing.**

AI Summary

Hudson Bay Capital Management LP, a Delaware-based investment firm, has filed an amended Schedule 13G/A for Turtle Beach Corporation (HEAR), indicating their ownership of the company's common stock as of December 31, 2023. This filing, an amendment to a previous disclosure, signals that Hudson Bay Capital continues to hold a significant, though not necessarily activist, stake in Turtle Beach. This matters to investors because large institutional holdings can provide stability or signal confidence in the company's long-term prospects, but changes in these holdings can also influence stock price.

Why It Matters

This filing confirms Hudson Bay Capital Management LP's continued significant ownership in Turtle Beach, which can influence investor sentiment and the stock's stability.

Risk Assessment

Risk Level: low — This is a routine amendment filing by an institutional investor, indicating no immediate new risks or major changes.

Analyst Insight

Investors should note that a major institutional investor like Hudson Bay Capital Management LP continues to hold a stake in Turtle Beach, which could be seen as a vote of confidence, but this filing alone doesn't suggest any immediate catalysts or changes in company direction.

Key Players & Entities

• Hudson Bay Capital Management LP (company) — the reporting person and institutional investor
• Turtle Beach Corporation (company) — the issuer of the securities
• Delaware (place) — place of organization for Hudson Bay Capital Management LP
• December 31, 2023 (date) — date of event requiring the filing
• 900450206 (number) — CUSIP Number for Turtle Beach Common Stock

Forward-Looking Statements

• Hudson Bay Capital Management LP will maintain a significant, non-activist stake in Turtle Beach Corporation for the foreseeable future. (Hudson Bay Capital Management LP) — medium confidence, target: December 31, 2024

FAQ

Key Financial Figures

• $0.001 — me of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securitie

Filing Documents

• hear_13ga.htm (SC 13G/A) — 52KB
• image_018.gif (GRAPHIC) — 0KB
• 0001393825-24-000061.txt ( ) — 54KB

(a)

Item 1(a). NAME OF ISSUER: The name of the issuer is Turtle Beach Corporation, a Nevada corporation (the " Company ").

(b)

Item 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: The Company's principal executive offices are located at 44 South Broadway, 4th Floor, White Plains, New York 10601.

(a)

Item 2(a). NAME OF PERSON FILING: This statement is filed by Hudson Bay Capital Management LP (the " Investment Manager ") and Mr. Sander Gerber (" Mr. Gerber "), who are collectively referred to herein as " Reporting Persons ."

(b)

Item 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: The address of the business office of each of the Reporting Persons is 28 Havemeyer Place, 2nd Floor, Greenwich, Connecticut 06830.

(c)

Item 2(c). CITIZENSHIP: The Investment Manager is a Delaware limited partnership. Mr. Gerber is a United States citizen.

(d)

Item 2(d). TITLE OF CLASS OF SECURITIES: Common Stock, par value $0.001 per share (the " Common Stock ").

(e)

Item 2(e). CUSIP NUMBER: 900450206 Item 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b) OR 13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: (a) ¨ Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o); (b) ¨ Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); (c) ¨ Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) ¨ Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) ý Investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) ¨ Employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) ý Parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) ¨ Savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) ¨ Church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3); (j) ¨ Non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J); (k) ¨ Group, in accordance with Rule 13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution: Item 4. The information required by Items 4(a) – (c) is set forth in Rows (5) – (11) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person. The percentages used in this Schedule 13G/A are calculated based upon 17,404,013 shares of Common Stock outstanding as of October 31, 2023, as reported in the Company's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 20232 filed with the Securities and Exchange Commission on November 7, 2023. The Investment Manager serves as the investment manager to Hudson Master Fund Ltd., in whose na

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of its or his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. DATE: February 5, 2024 HUDSON BAY CAPITAL MANAGEMENT LP By: /s/ Sander Gerber Name:Sander Gerber Title:Authorized Signatory /s/ Sander Gerber SANDER GERBER

View Full Filing

View this SC 13G/A filing on SEC EDGAR