Akoustis Technologies slides on share offering

Aktis Oncology

18/01/2023 21:20

** Akoustis Technologies Inc's  AKTS.O  shares down 18%
post-market as co plans equity raise
    ** Radio frequency filter maker announces stock offering;
deal size not disclosed  urn:newsml:reuters.com:*:nGNX742MJ0
    ** Co plans to use net offering proceeds to fund operations,
business growth, capex, among other uses
    ** B. Riley sole bookrunner for offering
    ** AKTS fell 2.7% on Weds to close at $3.55, trimming YTD
gain to ~26%
    ** Co has ~57.5 mln shares outstanding for roughly $200 mln
market cap, per Refinitiv
 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-332-219-1430))