# EDGAR Filing Document

**Accession Number:** 0000317788
**File Stem:** 0001628280-25-045912
**Filing Date:** 2025-10
**Character Count:** 8969
**Document Hash:** fc0201d9ac070b44f634becfda156d09
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001628280-25-045912.hdr.sgml**: 20251022

**ACCESSION NUMBER**: 0001628280-25-045912

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20251022

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251022

**DATE AS OF CHANGE**: 20251022

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Digital Turbine, Inc.
- **CENTRAL INDEX KEY:** 0000317788
- **STANDARD INDUSTRIAL CLASSIFICATION:** PATENT OWNERS & LESSORS [6794]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 222267658
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-35958
- **FILM NUMBER:** 251410766

**BUSINESS ADDRESS:**
- **STREET 1:** 111 NUECES STREET
- **CITY:** AUSTIN
- **STATE:** TX
- **ZIP:** 78701
- **BUSINESS PHONE:** (512) 387-7717

**MAIL ADDRESS:**
- **STREET 1:** 111 NUECES STREET
- **CITY:** AUSTIN
- **STATE:** TX
- **ZIP:** 78701

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Mandalay Digital Group, Inc.
- **DATE OF NAME CHANGE:** 20120207

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NeuMedia, Inc.
- **DATE OF NAME CHANGE:** 20100514

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Mandalay Media, Inc.
- **DATE OF NAME CHANGE:** 20071109

?xml version='1.0' encoding='ASCII'? apps-20251022

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, DC 20549**

**FORM 8-K**

**CURRENT REPORT PURSUANT**

**TO SECTION 13 OR 15(d) OF THE**

**SECURITIES EXCHANGE ACT OF 1934**

Date of report (date of earliest event reported) October 22, 2025

![DT-2022-Primary-Red-Black (3).jpg](apps-20251022_g1.jpg)

**Digital Turbine, Inc.**

(Exact Name of Registrant as Specified in Its Charter)

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-35958** | **22-2267658** |
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |

---

---

| | |
|:---|:---|
| **110 San Antonio Street, Suite 160, Austin, TX 78701** | **78701** |
| (Address of Principal Executive Offices) | (Zip Code) |

---

**(512) 387-7717**

(Registrant's Telephone Number, Including Area Code)

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (*see* General Instruction A.2. below)

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading symbol(s)** | **Name of each exchange on which registered** |
| Common Stock | APPS | NASDAQ |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

------

**Item 8.01 Other Events.**

On October 22, 2025, Digital Turbine, Inc. (the "Company") filed a prospectus supplement, dated October 22, 2025, to the Company's shelf registration statement on Form S-3 (File No. 333-289265)(the "Prospectus Supplement"). The Prospectus Supplement covered 1,222,418 shares of the Company's common stock, par value $0.0001 per share, to be sold by the "Selling Stockholders" as listed in the Prospectus Supplement.

The Company is filing this report to provide the legal opinion as to the validity of the securities covered by the Prospectus Supplement, which opinion is attached hereto as Exhibit 5.1 and is incorporated herein by reference.

**Item 9.01 Financial Statements and Exhibits.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(d) Exhibits.**

---

| | |
|:---|:---|
| **Exhibit Number** | **Description** |
| 5.1 | <u>[Opinion of Jackson Walker L.L.P.](a51legalopinionwarrantspro.htm)</u> |
| 23.1 | <u>[Consent of Jackson Walker L.L.P. (included within the opinion filed as Exhibit 5.1)](a51legalopinionwarrantspro.htm)</u> |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

---

------

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
| Dated: October 22, 2025 | Digital Turbine, Inc. | Digital Turbine, Inc. |
|  | By: | /s/ Stephen Lasher |
|  |  | Stephen Lasher |
|  |  | Chief Financial Officer |

---

## Exhibit 5.1

**Exhibit 5.1**

![image_0.jpg](image_0.jpg)

October 22, 2025

The Board of Directors

Digital Turbine, Inc.

110 San Antonio Street, Suite 160

Austin, Texas 78701

Re:&nbsp;&nbsp;&nbsp;&nbsp; Registration Statement on Form S-3

Ladies and Gentlemen:

We have acted as counsel to Digital Turbine, Inc., a Delaware corporation (the "<u>Company</u>"), in connection with the registration by the Company of 1,222,418 shares (the "<u>Shares</u>") of common stock, par value $0.0001 per share, of the Company (the "<u>Common Stock</u>"), that may be sold by the selling stockholders (the "<u>Selling Stockholders</u>") referred to in the Prospectus Supplement dated October 10, 2025 (the "<u>Prospectus Supplement</u>"), which Shares are issuable upon exercise of warrants (the "<u>Warrants</u>") held by the Selling Stockholders. The Shares have been registered pursuant to the Company's Registration Statement on Form S-3 (the "<u>Registration Statement</u>") (File No. 333-289265) filed on August 5, 2025 with the Securities and Exchange Commission (the "<u>Commission</u>") under the Securities Act of 1933, as amended (the "<u>Act</u>"). We have been asked by the Company to render this opinion.

We have examined instruments, documents, certificates and records that we have deemed relevant and necessary for the basis of our opinions hereinafter expressed. In such examination, we have assumed: (a) the authenticity of original documents and the genuineness of all signatures; (b) the conformity to the originals of all documents submitted to us as copies; (c) the truth, accuracy and completeness of the information, representations and warranties contained in the instruments, documents, certificates and records we have reviewed; (d) that the Shares will be issued and sold in compliance with applicable U.S. federal and state securities laws and in the manner stated in the Registration Statement and the Prospectus Supplement; and (e) the legal capacity of all natural persons executing documents. We have made such investigations of law as we have deemed necessary and relevant as a basis hereof. As to any facts material to the opinions expressed herein that were not independently established or verified, we have relied upon oral or written statements and representations of officers and other representatives of the Company.

Based on such examination, and subject to the additional assumptions and qualifications set forth below, we are of the opinion that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;The Shares to be sold by the Selling Stockholders have been duly authorized and, when issued pursuant to the terms of the Warrants, will be validly issued, fully paid and nonassessable.

We express no opinion as to the laws of any other jurisdiction other than the federal laws of the United States of America and the General Corporation Law of the State of Delaware.

\* \* \*

------

We hereby consent to the filing of this opinion as an exhibit to the above-referenced Registration Statement and the Prospectus Supplement and to the use of our name wherever it appears in the Registration Statement, the prospectus referred to therein, the Prospectus Supplement, and in any amendment or supplement thereto. In giving such consent, we do not thereby admit that we are in the category of persons whose consent is required under Section 7 of the Act or the rules and regulations of the Commission thereunder.

---

| |
|:---|
| Very truly yours, |
| /s/ Jackson Walker L.L.P. |
| Jackson Walker L.L.P. |

---

<br>