Akoustis Announces $10 Million Registered Direct Offering Priced At-The-Market Under Nasdaq Rules

May 22, 2024

https://www.globenewswire.com/news-release/2024/05/22/2886805/0/en/Akoustis-Announces-10-Million-Registered-Direct-Offering-Priced-At-The-Market-Under-Nasdaq-Rules.html

Charlotte, N.C., May 22, 2024 (GLOBE NEWSWIRE) — Akoustis Technologies, Inc. (Nasdaq: AKTS) (“Akoustis” or the “Company”), an integrated device manufacturer (IDM) of patented bulk acoustic wave (BAW) high-band RF filters for mobile and other wireless applications, announced today that it has entered into definitive securities purchase agreements for the purchase and sale of an aggregate of 50,000,000 shares of the Company’s common stock (or common stock equivalents) at a purchase price of $0.20 per share of common stock (or common stock equivalent) in a registered direct offering priced at-the-market under Nasdaq rules. The offering is expected to close on or about May 24, 2024 subject to the satisfaction of customary closing conditions.

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