AKOUSTIS TECHNOLOGIES, INC.

Akoustis Technologies, a manufacturer of RF filters, has filed for Chapter 11 bankruptcy to facilitate the sale of its business following a $59 million judgment against the company in a legal case with Qorvo. The company aims to continue operations during the sale process and ensure the business is sold free of any Qorvo infringement.

Related tickers: AKTS, QRVO.

Charlotte, N.C., June 27, 2024 (GLOBE NEWSWIRE) -- Akoustis Technologies, Inc. (NASDAQ: AKTS) (“Akoustis” or the “Company”), an integrated device manufacturer (IDM) of patented bulk acoustic wave (BAW) high-band RF filters for mobile and other wireless applications, announced today that the company has received $2M in production orders from Tier-1 carrier customer to satisfy demand for two of its industry-leading XBAW® filters integrated into a Wi-Fi 7 platform.

Related tickers: AKTS.