Akoustis issues redemption notice on $10 million of company's outstanding 6.5% convertible senior notes due in 2023

Charlotte, n.c., dec. 07, 2020 (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 issued a redemption notice to the holders of the company's outstanding $10,000,000 aggregate principal amount of 6.5% convertible senior notes due 2023 (the “notes”), pursuant to the indenture governing the notes. the company will redeem all notes that continue to be outstanding on february 1, 2021.
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