Why Is Akoustis Technologies (AKTS) Stock Down 33% Today?
AKTSAkoustis Technologies(AKTS) InvestorPlace·2024-01-25 21:21

Akoustis Technologies (NASDAQ:AKTS) stock is falling on Thursday after the radio frequency and wireless devices company announced a proposed public share offering.According to a press release from Akoustis Technologies, the company intends to sell shares of AKTS stock through an underwritten public offering. However, it hasn’t priced the offering or said how many shares will be included in it.What we do know is that it intends to grant the underwriter of the offering a 30-day option to acquire additional sh ...