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Stock impact report

Akoustis Announces Closing of Public Offering of Common Stock and Full Exercise of Underwriter's Option to Purchase Additional Shares [Yahoo! Finance]

Akoustis Technologies, Inc. (AKTS) 
NASDAQ:AMEX Investor Relations: ir.akoustis.com
Company Research Source: Yahoo! Finance
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. Roth Capital Partners acted as sole manager for the offering. Akoustis intends to use the net proceeds from the offering to fund operations and the growth of its business, including for capital expenditures, working capital, research and development, the commercialization of its technology, potential strategic transactions and for other gene Show less Read more
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