Akoustis Issues Redemption Notice on $10 Million of Company’s Outstanding 6.5% Convertible Senior Notes Due in 2023

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Charlotte, N.C., Dec. 07, 2020 (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 it has issued a redemption notice to the holders of the Company’s outstanding $10,000,000 aggregate principal amount of 6.5% Convertible Senior Notes due 2023 (the “Notes”), pursuant to the indenture governing the Notes. The Company will redeem all Notes that continue to be outstanding on February 1, 2021.

Article from: http://www.globenewswire.com/news-release/2020/12/07/2140409/0/en/Akoustis-Issues-Redemption-Notice-on-10-Million-of-Company-s-Outstanding-6-5-Convertible-Senior-Notes-Due-in-2023.html