Akoustis Technologies Completes Asset Sale to SpaceX Subsidiary Tune Holdings

Reuters

05-16

Akoustis Technologies Completes Asset Sale to SpaceX Subsidiary Tune Holdings

Akoustis Technologies Inc. has announced the successful completion of a major asset sale to Tune Holdings, a subsidiary of SpaceX. The transaction involved Tune Holdings acquiring substantially all assets of Akoustis, excluding those owned by Grinding and Dicing Services, Inc. The deal, valued at approximately $30.2 million, includes the assumption of certain liabilities by Tune Holdings. This strategic move aims to maximize value for Akoustis's creditors while preserving the majority of its employees' jobs. Tune Holdings will continue Akoustis's operations, ensuring ongoing support for its global customer base and advancing next-generation BAW high-band RF filters.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Akoustis Technologies Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-044032), on May 15, 2025, and is solely responsible for the information contained therein.

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The transaction involved Tune Holdings acquiring substantially all assets of Akoustis, excluding those owned by Grinding and Dicing Services, Inc. The deal, valued at approximately $30.2 million, includes the assumption of certain liabilities by Tune Holdings. This strategic move aims to maximize value for Akoustis's creditors while preserving the majority of its employees' jobs. Tune Holdings will continue Akoustis's operations, ensuring ongoing support for its global customer base and advancing next-generation BAW high-band RF filters.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Akoustis Technologies Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-044032), on May 15, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AKTSQ","symbol_name":"Akoustis Technologies, Inc.","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250515:nNDL819pWk:1","article_id":"2535711658","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2535711658","pubTimestamp":1747333057,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Akoustis Technologies Inc. has announced the successful completion of a major asset sale to Tune Holdings, a subsidiary of SpaceX. The transaction involved Tune Holdings acquiring substantially all assets of Akoustis, excluding those owned by Grinding and Dicing Services, Inc. The deal, valued at approximately $30.2 million, includes the assumption of certain liabilities by Tune Holdings. This strategic move aims to maximize value for Akoustis's creditors while preserving the majority of its employees' jobs. Tune Holdings will continue Akoustis's operations, ensuring ongoing support for its global customer base and advancing next-generation BAW high-band RF filters.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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