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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.
BGR Group represents Noble Supply and Logistics as it files for Chapter 11 due to a change in its weapons support contract with the Defense Logistics Agency.
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Teneo handles Bamboo Insurance Services as the Midvale, UT-based marketer of homeowner policies files a Form S-1 statement with the SEC for an initial public offering.
FTI Consulting handles West Marine as the nation’s leading retailer of marine parts and accessories for boating, fishing and sailing enthusiasts emerges from Chapter 11 bankruptcy.
Throughline Global Advisors represents Principal Mineral as it acquires Conductive Group, manufacturer of advanced materials for the aerospace, telecommunications and electronics sectors.
