Brief: Akoustis Acquires Majority Ownership Position Of RFM Integrated Device

Aktis Oncology

18/10/2021 12:46

Oct 18 (Reuters) - Akoustis Technologies Inc  AKTS.O :
    * AKOUSTIS ACQUIRES MAJORITY OWNERSHIP POSITION OF RFM
INTEGRATED
DEVICE, INC., A FABLESS SUPPLIER OF ACOUSTIC WAVE RF RESONATORS
AND FILTERS
    * AKOUSTIS TECHNOLOGIES INC - ACQUIRING A 51% MAJORITY
OWNERSHIP
POSITION OF RFM INTEGRATED DEVICE
    * AKOUSTIS TECHNOLOGIES INC - RIGHT TO PURCHASE REMAINING
49% IN
2022
    * AKOUSTIS TECHNOLOGIES INC - AKOUSTIS IS PAYING $6.0
MILLION IN
CASH AND APPROXIMATELY $2.5 MILLION IN STOCK TO TAI-SAW
TECHNOLOGIES CO., LTD.

Source text for Eikon:  ID:nGNXc8PHWJ 
Further company coverage:  AKTS.O 

 ((Reuters.Briefs@thomsonreuters.com;))