- Akoustis Technologies (NASDAQ:AKTS) has entered into definitive securities purchase agreements for the purchase and sale of an aggregate of 50M shares of the Co.’s common stock at a purchase price of $0.20/share of common stock in a registered direct offering priced at-the-market.
- Akoustis expects the gross proceeds from the offering to be ~$10M and intends to use the net proceeds from the proposed offering for working capital and to fund operations.
- The offering is expected to close on or about May 24, 2024.
- AKTS is +87% to $0.26.
Akoustis stock rallies on $10M registered direct offering priced at-the-market
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| Symbol | Last Price | % Chg |
|---|---|---|
| AKTS | - | - |
| Akoustis Technologies, Inc. | ||