Akoustis Announces $35.6 Million of New Equity Financing

  • Source: GlobeNewswire - - Read: 0



    New Capital Strengthens Balance Sheet with Cash Reserves for General Corporate Purposes Including Additional Capacity Expansion$21.5 Million Investment from Institutional Investors and $14.1 Million from Recent ATM Offerings

    Charlotte, N.C., Feb. 23, 2021 (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 it has entered into an agreement for a non-brokered registered direct offering (“RDO”) of 1,500,000 of its shares of common stock at a purchase price of $14.36 per share, for gross proceeds of approximately $21.5 million from institutional investors. The RDO is fully subscribed and is sche ...



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