Akoustis Technologies (AKTS) Prices 10.91M Share Offering at $2.75/sh

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Akoustis Announces Pricing of Public Offering of $30.0 Million of Common Stock

January 19, 2023 11:15 PM EST

Charlotte, N.C., Jan. 19, 2023 (GLOBE NEWSWIRE) -- Akoustis Technologies, Inc. (Nasdaq: AKTS) (Akoustis or the Company), an integrated device manufacturer of patented bulk acoustic wave (BAW) high-band radio frequency (RF) filters for mobile and other wireless applications, announced today that it has priced its underwritten public offering of 10,909,091 shares of its common stock at a public offering price of $2.75 per share.

Akoustis expects the gross proceeds from the offering to be approximately $30.0 million, before deducting the underwriting discount and other estimated offering expenses payable by Akoustis.   Net proceeds, after the underwriting discount, but before estimated expenses of the... More