Shearman & Sterling represented BofA Securities, Inc. and Piper Sandler & Co. as sales agents in connection with the commencement of Akoustis Technologies, Inc.’s At-The-Market equity program to sell shares of its common stock, having an aggregate offering price of up to $50 million.
Akoustis is a high-tech BAW RF filter solutions company that is pioneering next-generation materials science and MEMS wafer manufacturing to address the market requirements for improved RF filters - targeting higher bandwidth, higher operating frequencies and higher output power compared to incumbent polycrystalline BAW technology deployed today. Akoustis utilizes its proprietary XBAW manufacturing process to produce bulk acoustic wave RF filters for mobile and other wireless markets, which facilitate signal acquisition and accelerate band performance between the antenna and digital back end. Akoustis is headquartered in the Piedmont technology corridor near Charlotte, North Carolina.
The Sterling & Shearman team below also included associate Maeve Wilson.