Akoustis Technologies, Inc. (OTCMKTS:AKTS) Files An 8-K Other Events
Item 8.01Other Events.
On May 24, 2017, Akoustis Technologies, Inc. (the Company) held
the final closing of a private placement offering (the Offering),
in which the Company closed on the previously announced
subscription from an accredited investor for 488,900 shares of
the Companys common stock, par value $0.001 per share (the Common
Stock), at a fixed purchase price of $9.00 per share, for
aggregate gross proceeds of $4,400,100. The Company previously
announced the receipt of this subscription in its Current Report
on Form 8-K, filed with the Securities and Exchange Commission on
May 18, 2017. Aggregate gross proceeds in the Offering totaled
$5,967,000, of which $5,400,000 were attributable to funds
managed by the same portfolio manager. The Offering was exempt
from registration under Section 4(a)(2) of the Securities Act of
1933, as amended (the Securities Act), in reliance upon the safe
harbor provided by Rule 506(b) of Regulation D.
This Current Report on Form 8-K is filed in accordance with
Securities Act Rule 135c and is neither an offer to sell any
securities, nor a solicitation of an offer to buy any securities,
nor will there be any offer or sale of any securities in any
state or jurisdiction absent registration or compliance with an
applicable exemption from registration requirements.
About Akoustis Technologies, Inc. (OTCMKTS:AKTS)
Akoustis Technologies, Inc., formerly Danlax, Corp., is a fabless company engaged in developing, designing and manufacturing radio frequency (RF) filter products for the mobile wireless device industry. The Company operates in the telecommunications and fiber optics sector. The Company is focused on commercializing and manufacturing its Bulk ONE acoustic wave technology to address the critical frequency-selectivity requirements in mobile smartphones. The Company plans to use single crystal piezoelectric materials to develop a class of RF filters with a fundamental advantage to reduce losses over existing thin film technologies. The Company’s piezoelectric materials contain high-purity Group III element nitride materials and possess a signature, which can be detected by conventional material metrology tools. The Company is focused on the commercialization of bandwidth RF filters operating in the high frequency portion of the RF Front end (RFFE) (called high band). Akoustis Technologies, Inc. (OTCMKTS:AKTS) Recent Trading Information
Akoustis Technologies, Inc. (OTCMKTS:AKTS) closed its last trading session down -0.16 at 9.89 with shares trading hands.
