Akoustis Technologies, a leading provider of patented bulk acoustic wave (BAW) high-band RF filters, has completed the sale of most of its assets to Tune Holdings Corp., a wholly owned subsidiary of Space Exploration Technologies Corp. (SpaceX). The sale, conducted as a going-concern transaction under Section 363 of the U.S. Bankruptcy Code, was approved by the U.S. Bankruptcy Court for the Dist by Clarence Oxford
Los Angeles CA (SPX) May 19, 2025
Akoustis Technologies, a leading provider of patented bulk acoustic wave (BAW) high-band RF filters, has completed the sale of most of its assets to Tune Holdings Corp., a wholly owned subsidiary of Space Exploration Technologies Corp. (SpaceX). The sale, conducted as a going-concern transaction under Section 363 of the U.S. Bankruptcy Code, was approved by the U.S. Bankruptcy Court for the District of Delaware.
The transaction, valued at approximately $30.2 million in cash along with the assumption of certain liabilities, includes nearly all of Akoustis's assets, excluding those owned by Grinding and Dicing Services, Inc. (GDSI).
"We are pleased to close this strategic transaction, which will maximize value for our creditors and preserve the vast majority of our employees' jobs," said Mark Podgainy, Finance Transformation Officer at Akoustis. "We are grateful to our loyal customers, suppliers and employees who have stood with us through this process."
Following the Court-approved auction on April 25, 2025, Tune Holdings emerged as the winning bidder, taking control of Akoustis's core operations and team infrastructure. This move ensures continued support for Akoustis's global customer base and secures the delivery of next-generation BAW RF filters worldwide.
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