Akoustis Issues Redemption Notice on Remaining $15 Million of Company’s Outstanding 6.5% Convertible Senior Secured Notes Due 2023

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Charlotte, N.C., Jan. 26, 2021 (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 $15,000,000 aggregate principal amount of 6.5% Convertible Senior Secured Notes due 2023 (the “Notes”), pursuant to the indenture governing the Notes. The Company will redeem all Notes that continue to be outstanding on March 1, 2021.

Article from: http://www.globenewswire.com/news-release/2021/01/26/2164126/0/en/Akoustis-Issues-Redemption-Notice-on-Remaining-15-Million-of-Company-s-Outstanding-6-5-Convertible-Senior-Secured-Notes-Due-2023.html