Akoustis announces closing of public offering of common stock and full exercise of underwriter's option to purchase additional shares

Charlotte, n.c., jan. 29, 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 the closing of its previously announced underwritten public offering of 20,000,000 shares of its common stock at a price to the public of $0.50 per share, including the exercise in full by the underwriter of its option to purchase 3,000,000 additional shares of akoustis' common stock, for a total offering of 23,000,000 shares of the company's common stock.. net proceeds to akoustis, after deducting the underwriting discount and estimated offering expenses payable by akoustis, were approximately $10.4 million.
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