Akoustis to pursue strategic sale of its business through voluntary chapter 11 process

Charlotte, n.c.--(business wire)--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 voluntarily filed for chapter 11 relief in the united states bankruptcy court for the district of delaware (the “court”) to provide the company with the flexibility to complete its ongoing marketing and sale process while.
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