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Akoustis Technologies ( (AKTS) ) has provided an announcement.
Akoustis Technologies has filed for Chapter 11 bankruptcy to facilitate a strategic sale process while continuing its operations. The company has entered into a stalking horse asset purchase agreement with Gordon Brothers for the sale of certain assets, and intends to manage the sale through a court-supervised process to ensure a seamless transition for stakeholders.
More about Akoustis Technologies
Akoustis Technologies, Inc. is a high-tech company specializing in bulk acoustic wave (BAW) radio frequency (RF) filters. It targets mobile and wireless markets with its proprietary XBAW manufacturing process, offering solutions for higher bandwidth, operating frequencies, and output power. Akoustis operates a commercial wafer-manufacturing facility in New York and is headquartered near Charlotte, North Carolina.
YTD Price Performance: -91.85%
Average Trading Volume: 21,158,670
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $10.54M
For a thorough assessment of AKTS stock, go to TipRanks’ Stock Analysis page.
