Item 1.01 Entry into a Material Definitive Agreement

On November 14, 2022, Corsair Gaming, Inc. (the "Company") entered into an underwriting agreement (the "Underwriting Agreement") with Goldman Sachs & Co. LLC (the "Underwriter"), pursuant to which the Company agreed to issue and sell 4,545,455 shares (the "Firm Shares") of its common stock, par value $0.0001 per share ("Common Stock"), to the Underwriter (the "Offering"). In addition, under the terms of the Underwriting Agreement, the Company granted the Underwriter the option, for 30 days from the date of the Underwriting Agreement, to purchase up to 681,818 additional shares of Common Stock (the "Optional Shares" and, together with the Firm Shares, the "Shares"). The price to the public in this offering is $16.50 per share. The Underwriter agreed to purchase the Shares from the Company pursuant to the Underwriting Agreement at a price of $16.1838 per share.

Corsair Group (Cayman), LP ("EagleTree"), which owns a majority of the Company's outstanding shares and through its general partner is managed by affiliates of EagleTree Capital, LP, purchased 2,121,212 shares of Common Stock in the Offering at the price to the public and on the same terms as the other purchasers in the Offering.

The Offering was made under a prospectus supplement and related prospectus filed with the Securities and Exchange Commission pursuant to the Company's effective shelf registration statement on Form S-3 (Registration No. 333-266289).

Pursuant to the Underwriting Agreement, the Company agreed to indemnify the Underwriter against certain liabilities, including liabilities under the Securities Act of 1933, as amended, or to contribute to payments that the Underwriter may be required to make because of such liabilities. In addition, the Underwriting Agreement also contains customary representations, warranties and agreements by the Company and customary conditions to closing, obligations of the parties and termination provisions. The representations, warranties and covenants contained in the Underwriting Agreement were made only for purposes of such agreement and as of specific dates, were solely for the benefit of the parties to such agreement, and may be subject to limitations agreed upon by such parties.

In connection with the Offering, the Company, the Company's directors and executive officers and EagleTree also agreed not to sell or transfer any Common Stock without first obtaining the written consent of the Underwriter, subject to certain exceptions, for a period of (x) the earlier of (i) 90 days after the date of the Prospectus (as defined in the Underwriting Agreement) and (ii) the opening of trading on the first trading day immediately following the Company's public release of earnings for the quarter ending December 31, 2022, in the Company's case and in the case of the Company's directors and executive officers, and (y) six months after the date of the Prospectus, in the case of EagleTree.

A copy of the Underwriting Agreement is attached as Exhibit 1.1 hereto and is incorporated herein by reference. The foregoing descriptions of the Underwriting Agreement and lock-up arrangements do not purport to be complete and are qualified in their entirety by reference to such exhibit.

A copy of the opinion of Latham & Watkins LLP relating to the validity of the securities issued in the Offering is filed herewith as Exhibit 5.1.

Item 8.01 Other Events.

On November 17, 2022, the Offering closed and the Company completed the sale and issuance of an aggregate of 4,545,455 Firm Shares. The Company received net proceeds of approximately $73.6 million, after deducting the underwriting discounts and commissions.

Item 9.01 Financial Statements and Exhibits.



(d) Exhibits.

Exhibit
Number                                    Description

  1.1          Underwriting Agreement, dated as of November 14, 2022, between
             Corsair Gaming, Inc. and Goldman Sachs & Co. LLC

  5.1          Opinion of Latham & Watkins LLP

 23.1          Consent of Latham & Watkins LLP (included in Exhibit 5.1)

  104        Cover Page Interactive Data File (embedded within the Inline XBRL
             document)

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