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Akoustis Proposes Public Offering Of Common Stock

Akoustis Technologies, Inc., an integrated device manufacturer of patented bulk acoustic wave (BAW) high-band radio frequency (RF) filters for mobile and other wireless applications, intends to offer and sell shares of its common stock in an underwritten public offering.

Akoustis expects to grant the underwriter a 30-day option to purchase additional shares of common stock sold in the offering solely to cover over-allotments.  The offering is subject to market and other conditions, and there can be no assurance as to whether or when such offering may be completed, or as to the actual size or terms of such offering. The company intends to use the net proceeds from the proposed offering to fund operations and the growth of its business, including for capital expenditures, working capital, research and development, the commercialization of its technology and other general corporate purposes.

Craig-Hallum Capital Group LLC is acting as sole book-running manager for the offering.

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