Turtle Beach Corporation Announces Ticker Symbol Update to “TBCH”
Turtle Beach (Nasdaq: HEAR) announced it will change its ticker symbol to 'TBCH' effective January 7, 2025. The gaming accessories provider's CEO Cris Keirn stated that the new ticker represents the company's evolution, growth, and innovation in the gaming accessories market, including the successful integration of PDP.
The ticker symbol update is part of Turtle Beach's broader strategy to strengthen its brand and market position. The company will maintain its NASDAQ listing, and shareholders are not required to take any action as the CUSIP number remains unchanged. Turtle Beach continues to focus on delivering cutting-edge products, operational excellence, and value to shareholders and gaming customers worldwide.
Turtle Beach (Nasdaq: HEAR) ha annunciato che cambierà il suo simbolo di borsa in 'TBCH' a partire dal 7 gennaio 2025. Il CEO dell'azienda di accessori per videogiochi, Cris Keirn, ha dichiarato che il nuovo simbolo rappresenta l'evoluzione, la crescita e l'innovazione dell'azienda nel mercato degli accessori per videogiochi, inclusa la riuscita integrazione di PDP.
La modifica del simbolo di borsa è parte di una strategia più ampia di Turtle Beach per rafforzare il proprio marchio e la posizione di mercato. L'azienda manterrà la sua quotazione NASDAQ e gli azionisti non sono tenuti a intraprendere alcuna azione poiché il numero CUSIP rimane invariato. Turtle Beach continua a concentrarsi sulla fornitura di prodotti all'avanguardia, sull'eccellenza operativa e sul valore per gli azionisti e i clienti nel settore dei videogiochi in tutto il mondo.
Turtle Beach (Nasdaq: HEAR) anunció que cambiará su símbolo bursátil a 'TBCH' a partir del 7 de enero de 2025. El CEO del proveedor de accesorios para juegos, Cris Keirn, declaró que el nuevo símbolo representa la evolución, el crecimiento y la innovación de la empresa en el mercado de accesorios para juegos, incluida la exitosa integración de PDP.
La actualización del símbolo bursátil es parte de una estrategia más amplia de Turtle Beach para fortalecer su marca y su posición en el mercado. La empresa mantendrá su cotización en NASDAQ y no se requiere ninguna acción por parte de los accionistas, ya que el número CUSIP permanece sin cambios. Turtle Beach continúa centrando sus esfuerzos en ofrecer productos de vanguardia, excelencia operativa y valor a sus accionistas y clientes en el ámbito del juego en todo el mundo.
털틀 비치 (Nasdaq: HEAR)가 2025년 1월 7일부터 티커 심볼을 'TBCH'로 변경한다고 발표했습니다. 게임 액세서리 공급업체의 CEO인 Cris Keirn은 새로운 티커가 회사의 진화, 성장 및 혁신을 반영한다고 밝혔으며, PDP의 성공적인 통합을 포함합니다.
티커 심볼 업데이트는 Turtle Beach의 브랜드 및 시장 입지를 강화하기 위한 더 넓은 전략의 일환입니다. 회사는 NASDAQ 상장을 유지하며, CUSIP 번호는 변하지 않기 때문에 주주가 취해야 할 조치는 없습니다. Turtle Beach는 세계적으로 주주와 게임 고객에게 최첨단 제품, 운영 우수성 및 가치를 제공하는 데 계속 집중하고 있습니다.
Turtle Beach (Nasdaq: HEAR) a annoncé qu'il changera son symbole boursier en 'TBCH' à compter du 7 janvier 2025. Le PDG du fournisseur d'accessoires de jeu, Cris Keirn, a déclaré que le nouveau symbole représente l'évolution, la croissance et l'innovation de l'entreprise sur le marché des accessoires de jeu, y compris l'intégration réussie de PDP.
La mise à jour du symbole boursier fait partie d'une stratégie plus large de Turtle Beach visant à renforcer sa marque et sa position sur le marché. L'entreprise maintiendra son inscription au NASDAQ et les actionnaires ne sont pas tenus de prendre des mesures, le numéro CUSIP restant inchangé. Turtle Beach continue de se concentrer sur la livraison de produits de pointe, l'excellence opérationnelle et la valeur pour les actionnaires et les clients de jeux à l'échelle mondiale.
Turtle Beach (Nasdaq: HEAR) hat angekündigt, dass es sein Tickersymbol zum 'TBCH' ab dem 7. Januar 2025 ändern wird. Der CEO des Anbieters von Gaming-Zubehör, Cris Keirn, erklärte, dass das neue Symbol die Entwicklung, das Wachstum und die Innovation des Unternehmens im Markt für Gaming-Zubehör repräsentiert, einschließlich der erfolgreichen Integration von PDP.
Die Aktualisierung des Tickersymbols ist Teil einer umfassenderen Strategie von Turtle Beach, um seine Marke und Marktposition zu stärken. Das Unternehmen wird seine NASDAQ-Notierung beibehalten und Aktionäre sind nicht verpflichtet, Maßnahmen zu ergreifen, da die CUSIP-Nummer unverändert bleibt. Turtle Beach konzentriert sich weiterhin darauf, hochmoderne Produkte, operative Exzellenz und Wert für Aktionäre und Gaming-Kunden weltweit zu liefern.
- Successful integration of PDP acquisition
- Maintains strong market position in gaming accessories
- None.
Insights
A ticker symbol change alone rarely impacts a company's fundamental value, but this update from HEAR to TBCH warrants attention within the broader context of Turtle Beach's strategic evolution. Post-PDP integration, the company has expanded beyond its traditional headset focus, now commanding roughly
The timing of this change, coinciding with the new year and following the successful PDP integration, suggests a calculated move to refresh market perception. However, investors should focus more on the company's operational metrics and market share gains in the expanding gaming accessories segment rather than this cosmetic change. The retention of the NASDAQ listing and unchanged CUSIP maintains institutional trading continuity, minimizing any technical trading impact.
This ticker modification represents more than a simple symbol change - it's a strategic repositioning effort that aligns with Turtle Beach's expanded market presence. The shift from HEAR (which emphasized their audio heritage) to TBCH (highlighting the corporate brand) reflects their evolution from a gaming headset specialist to a comprehensive gaming accessories provider. The timing is particularly strategic, leveraging the momentum from the PDP acquisition to reinforce their broader market positioning.
For retail investors, while ticker changes often generate short-term attention, the key value drivers remain unchanged. The focus should stay on Turtle Beach's execution in product diversification, market share expansion and operational synergies from recent acquisitions. This rebranding exercise is best viewed as a supporting element of their broader strategic transformation rather than a catalyst for immediate value creation.
WHITE PLAINS, N.Y., Jan. 06, 2025 (GLOBE NEWSWIRE) -- Turtle Beach Corporation (Nasdaq: HEAR), a leading gaming accessories provider, today announced that it will update its ticker symbol to “TBCH” effective January 7, 2025. This change reflects Turtle Beach’s evolution and ongoing growth as a dominant force in the broader gaming accessories market.
“Our new ‘TBCH’ ticker symbol represents more than just adaptation of our market identity,” said Cris Keirn, CEO, Turtle Beach Corporation. “It signifies our growth, innovation, and strong strategic execution as a leader across multiple gaming accessory categories, including the successful integration of PDP. As we continue to expand our portfolio and enhance our market presence, this new symbol aligns with where Turtle Beach is today as well as our vision for the future.”
The ticker symbol update is part of Turtle Beach’s broader strategy to strengthen its brand and market position. The Company continues to be focused on delivering cutting-edge products, operational excellence, and value to its shareholders and gaming customers worldwide.
Shareholders are not required to take any action regarding the ticker symbol update. The Company’s common stock will continue to be listed on the NASDAQ and the CUSIP number will remain unchanged.
About Turtle Beach Corporation
Turtle Beach Corporation (the “Company”) (www.turtlebeachcorp.com) is one of the world’s leading gaming accessory providers. The Company’s namesake Turtle Beach brand (www.turtlebeach.com) is known for designing best-selling gaming headsets, top-rated game controllers, award-winning PC gaming peripherals, and groundbreaking gaming simulation accessories. Innovation, first-to-market features, a broad range of products for all types of gamers, and top-rated customer support have made Turtle Beach a fan-favorite brand and the market leader in console gaming audio for over a decade. Turtle Beach Corporation acquired Performance Designed Products (www.pdp.com) in 2024. Turtle Beach’s shares are traded on the Nasdaq Exchange under the symbol: HEAR.
Cautionary Note on Forward-Looking Statements
This press release includes forward-looking information and statements within the meaning of the federal securities laws. Except for historical information contained in this release, statements in this release may constitute forward-looking statements regarding assumptions, projections, expectations, targets, intentions, or beliefs about future events. Statements containing the words “may”, “could”, “would”, “should”, “believe”, “expect”, “anticipate”, “plan”, “estimate”, “target”, “goal”, “project”, “intend” and similar expressions, or the negatives thereof, constitute forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, which could cause actual results to differ materially from those contained in any forward-looking statement. Forward-looking statements are based on management’s current beliefs and expectations, as well as assumptions made by, and information currently available to, management.
While the Company believes that its expectations are based upon reasonable assumptions, there can be no assurances that its goals and strategy will be realized. Numerous factors, including risks and uncertainties, may affect actual results and may cause results to differ materially from those expressed in forward-looking statements made by the Company or on its behalf. Some of these factors include, but are not limited to, risks related to logistic and supply chain challenges, the substantial uncertainties inherent in the acceptance of existing and future products, the difficulty of commercializing and protecting new technology, the impact of competitive products and pricing, general business and economic conditions, risks associated with the expansion of our business including the integration of any businesses we acquire and the integration of such businesses within our internal control over financial reporting and operations, our indebtedness, liquidity, and other factors discussed in our public filings, including the risk factors included in the Company’s most recent Annual Report on Form 10-K, Quarterly Report on Form 10-Q, and the Company’s other periodic reports filed with the Securities and Exchange Commission. Except as required by applicable law, including the securities laws of the United States and the rules and regulations of the Securities and Exchange Commission, the Company is under no obligation to publicly update or revise any forward-looking statement after the date of this release whether as a result of new information, future developments or otherwise.
CONTACTS
Investors:
hear@icrinc.com
(646) 277-1285
Public Relations & Media:
MacLean Marshall
Sr. Director, Global Communications
Turtle Beach Corporation
(858) 914-5093
maclean.marshall@turtlebeach.com
FAQ
When will Turtle Beach (HEAR) change its ticker symbol to TBCH?
Do Turtle Beach shareholders need to take action for the TBCH ticker change?
Will Turtle Beach's CUSIP number change with the new TBCH ticker?
Does the Turtle Beach ticker change from HEAR to TBCH affect its NASDAQ listing?
