Investor Wipeout: The Collapse of Akoustis Technologies

The equity value of Akoustis Technologies has been completely erased. Following corporate bankruptcy and the subsequent sale of all operational assets to a SpaceX subsidiary, the former NASDAQ-listed security now trades over-the-counter at a negligible price point, effectively zero. Shareholders have experienced a total capital loss.

A catastrophic legal battle initiated the company’s downward spiral. In May 2024, a federal jury ruled against Akoustis, ordering the company to pay approximately $59 million to competitor Qorvo. The judgment stemmed from findings of trade secret misappropriation and patent infringement. This substantial financial obligation proved insurmountable for the business.

By December 2024, the mounting pressure forced Akoustis to seek protection under Chapter 11 bankruptcy provisions. This legal maneuver was designed to shield creditors... Read more...