# EDGAR Filing Document

**Accession Number:** 0001584754
**File Stem:** 0001213900-23-003473
**Filing Date:** 2023-1
**Character Count:** 12221
**Document Hash:** a919d5edc116dcbcaedf311887e09ac1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-23-003473.hdr.sgml**: 20230118

**ACCESSION NUMBER**: 0001213900-23-003473

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20230118

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230118

**DATE AS OF CHANGE**: 20230118

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Akoustis Technologies, Inc.
- **CENTRAL INDEX KEY:** 0001584754
- **STANDARD INDUSTRIAL CLASSIFICATION:** TELEPHONE & TELEGRAPH APPARATUS [3661]
- **IRS NUMBER:** 331229046
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38029
- **FILM NUMBER:** 23534900

**BUSINESS ADDRESS:**
- **STREET 1:** 9805 NORTHCROSS CENTER COURT, SUITE A
- **CITY:** HUNTERSVILLE
- **STATE:** NC
- **ZIP:** 28078
- **BUSINESS PHONE:** 7026054086

**MAIL ADDRESS:**
- **STREET 1:** 9805 NORTHCROSS CENTER COURT, SUITE A
- **CITY:** HUNTERSVILLE
- **STATE:** NC
- **ZIP:** 28078

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DANLAX, CORP.
- **DATE OF NAME CHANGE:** 20130820

?xml version="1.0" encoding="utf-8"?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

Washington, D.C. 20549

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): **January 18, 2023**

**AKOUSTIS TECHNOLOGIES, INC.**

(Exact name of registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| **Delaware** | **001-38029** | **33-1229046** |
| <br> (State or Other Jurisdiction<br> of Incorporation) | <br> (Commission File<br> Number) | <br> (I.R.S. Employer<br> Identification Number) |

---

**9805 Northcross Center Court, Suite A**

**Huntersville, NC 28078**

(Address of principal executive offices, including zip code)

**704-997-5735**

(Registrant's telephone number, including area code)

**Not Applicable**

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| Title of Each Class: | Trading Symbol: | Name of each exchange on which registered: |
| **Common Stock, $0.001 par value** | **AKTS** | **The Nasdaq Stock Market LLC** <br> **(Nasdaq Capital Market)** |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.b-2 of this chapter)

Emerging Growth Company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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| | |
|:---|:---|
| **Item 2.02** | **Results of Operations and Financial Condition.** |

---

On January 18, 2023, Akoustis Technologies, Inc. (the "Company") filed a preliminary prospectus supplement (the "Preliminary Prospectus Supplement") to its effective shelf registration statement on Form S-3 (No. 333-262540) pursuant to Rule 424(b) under the Securities Act of 1933, as amended (the "Securities Act"), relating to an underwritten public offering (the "Offering") of shares of the Company's common stock. The Preliminary Prospectus Supplement contains select preliminary unaudited estimated financial results for the fiscal quarter ended December 31, 2022. Such preliminary estimated results are furnished in the excerpt from the Preliminary Prospectus Supplement attached hereto as Exhibit 99.1.

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| | |
|:---|:---|
| **Item 7.01** | **Regulation FD Disclosure.** |

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A copy of the press release announcing the launch of the Offering is included herewith as Exhibit 99.2 and is incorporated by reference.

The information under Items 2.02 and 7.01 and in Exhibit 99.1 to this Current Report on Form 8-K are being furnished and shall not be deemed "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

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| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits.** |

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(d) Exhibits

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| | |
|:---|:---|
| **Exhibit Number** | **Description** |
| 99.1 | [Excerpt from Preliminary Prospectus Supplement, dated January 18, 2023.](ea171835-8kex99i_akoustis.htm) |
| 99.2 | [Press release issued by the Company on January 18, 2023.](ea171835-8kex99ii_akoustis.htm) |
| 104 | Cover Page Interactive Data File (embedded within the inline XBRL document). |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | **Akoustis Technologies, Inc.** | **Akoustis Technologies, Inc.** |
| Date: January 18, 2023 | By: | /s/ Kenneth E. Boller |
|  | Name: | Kenneth E. Boller |
|  | Title: | Chief Financial Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

*Selected Preliminary Financial Results for Second Quarter of Fiscal 2023*

Below is a summary of certain preliminary estimates regarding our financial results for the quarter ended December 31, 2022. This preliminary financial information is based upon our estimates and is subject to completion of our financial closing procedures. Moreover, this preliminary financial information has been prepared solely on the basis of information that is currently available to, and that is the responsibility of, management. Our independent registered public accounting firm has not audited or reviewed, and does not express an opinion with respect to, this information. This preliminary financial information is not a comprehensive statement of our financial results for the quarter ended December 31, 2022, and remains subject to, among other things, the completion of our financial closing procedures, final adjustments, completion of our internal review and review by our independent registered public accounting firm of our financial statements for the quarter ended December 31, 2022, which may materially impact the results and expectations set forth below.

We expect revenue for the three months ended December 31, 2022 to be approximately $5.9 million. We recorded revenue of approximately $3.7 million for the three months ended December 31, 2021.

As of December 31, 2022, prior to the closing of the acquisition of Grinding & Dicing Services, Inc. and the payment of $14.0 million in cash as a portion of the purchase price as described below, we had $46.6 million of cash and cash equivalents.

## Exhibit 99.2

**Exhibit 99.2**

**Akoustis Announces Proposed Public Offering of Common Stock**

Charlotte, NC, January 18, 2023 (GLOBE NEWSWIRE) - Akoustis Technologies, Inc. (Nasdaq: AKTS) ("Akoustis" or the "Company"), an integrated device manufacturer of patented bulk acoustic wave ("BAW") high-band radio frequency ("RF") filters for mobile and other wireless applications, announced today that it intends to offer and sell shares of its common stock in an underwritten public offering.

Akoustis expects to grant the underwriter a 30-day option to purchase additional shares of common stock sold in the offering solely to cover over-allotments. The offering is subject to market and other conditions, and there can be no assurance as to whether or when such offering may be completed, or as to the actual size or terms of such offering. Certain of the Company's directors and officers have indicated an intent to purchase shares of common stock in the offering.

Akoustis intends to use the net proceeds from the proposed offering to fund operations and the growth of its business, including for capital expenditures, working capital, research and development, servicing its outstanding debt, potential strategic transactions and for other general corporate purposes.

B. Riley Securities, Inc. is acting as sole book-running manager for the offering. Craig-Hallum Capital Group LLC and Roth Capital Partners are acting as co-managers.

A shelf registration statement relating to the shares of common stock to be issued in the proposed offering was filed with the Securities and Exchange Commission (the "SEC") and is effective. A preliminary prospectus supplement and accompanying prospectus describing the terms of the proposed offering will be filed with the SEC. The shares of common stock may be offered only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement. Copies of the preliminary prospectus supplement and the accompanying prospectus relating to the securities being offered may be obtained, when available, from B. Riley Securities, Inc., 1300 17<sup>th</sup> Street North, Suite 1300, Arlington, VA 22209, by telephone at (703)-312-9580 or by email at prospectuses@brileyfin.com. Electronic copies of the preliminary prospectus supplement and accompanying prospectus will also be available on the SEC's website at http://www.sec.gov.

This press release does not constitute an offer to sell, or the solicitation of an offer to buy, the shares of common stock, nor will there be any sale of the shares of common stock in any state or other jurisdiction in which such offer, solicitation or sale is not permitted.

**About Akoustis Technologies, Inc.**

Akoustis<sup>®</sup> (http://www.akoustis.com/) is a BAW RF filter solutions company that is pioneering next-generation materials science and MEMS wafer semiconductor manufacturing to address the market requirements for improved RF filters - targeting higher bandwidth, higher operating frequencies and higher output power compared to legacy polycrystalline BAW technology. The Company utilizes its proprietary and patented XBAW<sup>®</sup> 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. Superior performance is driven by the significant advances of poly-crystal, single-crystal and other high purity piezoelectric materials and the resonator-filter process technology which enables optimal trade-offs between critical power, frequency and bandwidth performance specifications.

Akoustis plans to service the fast growing multi-billion-dollar RF filter market using its integrated device manufacturer (IDM) business model. The Company owns and operates a 125,000 sq. ft. ISO-9001:2015 registered commercial wafer-manufacturing facility located in Canandaigua, NY, which includes a class 100 / class 1000 cleanroom facility - tooled for 6 inch diameter wafers - for the design, development, fabrication and packaging of RF filters, MEMS and other semiconductor devices. Akoustis Technologies, Inc. is headquartered in the Piedmont technology corridor near Charlotte, North Carolina.

**Forward-Looking Statements**

**Contact:**<br> Tom Sepenzis<br> Akoustis Technologies<br> VP of Corporate Development & IR<br> (980) 689-4961<br> tsepenzis@akoustis.com<br>The Del Mar Consulting Group, Inc.<br> Robert B. Prag, President<br> (858) 794-9500<br> bprag@delmarconsulting.com