Akoustis Technologies, Inc. (AKTS) announced on Thursday that it has set the price for its public offering of 20 million common shares at $0.50 each.
The company anticipates that the offering will yield proceeds of approximately $10.0 million. Roth Capital Partners is serving as the sole manager for the offering.
Akoustis plans to allocate the proceeds from the offering to support its operations and business growth. This includes funding for capital expenditures, working capital, research and development, the commercialization of its technology, potential strategic transactions, among other general corporate purposes.
