Akoustis announces common stock offering, no amount given

Akoustis Technologies announced that it intends to offer and sell shares of its common stock in an underwritten public offering. Akoustis intends to use the net proceeds from the proposed offering to fund operations and the growth of its business, including for capital expenditures, working capital, research and development, servicing its outstanding debt, potential strategic transactions and for other general corporate purposes. B. Riley Securities is acting as sole book-running manager for the offering. Craig-Hallum Capital Group and ROTH Capital Partners are acting as co-managers.