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C Street Advisory Group handles media for Akoustis Technology as it files for Chapter 11 after a judge ordered it to pay $59M in damages and fees to Qorvo Inc in a trade secret misappropriation and patent infringement case.
The Huntersville, NC-based company makes high-band radio frequency products for the mobile and wireless sectors.
The bankruptcy filing is “a strategic step to provide flexibility and allow us to continue operations while our sale process continues with momentum,” according to Akoustis CEO Kamran Cheema.
Akoustis has negotiated a stalking horse asset purchase agreement with Gordon Brothers Commercial & Industrial, LLC for the purchase of certain of its assets.
It intends to use the court-supervised sale process to seek the highest or otherwise best bid for other assets.
Akoustis reported a 29 percent jump in revenues to $9M for the quarter ended September. It recorded a $6.4M net loss compared to $20.1M a year ago in red ink.
Prosek Partners handles New York’s Tilray Brands, craft beer & cannabis operation, as it acquires BrewDog, a leading British independent beer producer in the UK, for $45M.
Brunswick Group handles Zurich Insurance as it agrees to buy UK-based Beazley specialty insurer in a deal valued at $11B.
FGS Global represents Brink’s as it agrees to acquire NCR Atleos, which relies on Collected Strategies, in a $6.6B cash & stock deal to create a leading fintech infrastructure company. (Updated)
A January article in O’Dwyer’s proposes that in 2026, the strongest financial brands will not simply tell compelling stories—they will “signal readiness.”
C Street Advisory Group is working the Chapter 11 filing of Axip Energy Services as it unloads its nearly all of its assets to deal with a heavy debt load.
