Akoustis Technologies, Inc. (NasdaqCM:AKTS) acquired remaining 49% stake in RFM Integrated Device, Inc. from Tai-Saw Technology Co.,Ltd. (TPEX:3221) for $5.7million on April 21, 2022. The consideration include $ 3.5 million in cash and approximately 420,053 shares of common stock of the Company with a fair value at closing of $ 1.9 million.

Akoustis Technologies, Inc. (NasdaqCM:AKTS) completed the acquisition of remaining 49% stake in RFM Integrated Device, Inc. from Tai-Saw Technology Co.,Ltd. (TPEX:3221) on April 21, 2022.