- Akoustis Technologies ( NASDAQ: AKTS ) on Thursday has priced its underwritten public offering of 10,909,091 shares of its common stock at a public offering price of $2.75/share.
- Gross proceeds from the offering are expected to be ~$30.0M.
- Underwriters are granted a 30-day option to purchase up to 1,636,363 additional shares of common stock solely to cover over-allotments.
- Offering is expected to close on or about January 24, 2023.
- Certain of the Company’s directors and officers have indicated an intent to purchase shares of common stock in the offering.
- Net proceeds are expected to be ~$28.2M which will be used to fund operations and the growth of its business and for other general corporate purposes.
For further details see:
Akoustis Technologies prices $30.0M stock offering at $2.75/share