A Delaware bankruptcy judge has approved the sale of certain assets belonging to Akoustis Technologies, a company specializing in radio frequency filters, to a subsidiary of SpaceX for $30 million. This approval follows an agreement reached between Akoustis and a competitor, which had raised concerns about the potential sale of trade secrets.
The approval represents a significant step in the asset transition process for Akoustis, as the company navigates its financial restructuring efforts. For further details on the court’s decision and the implications for Akoustis and its stakeholders, please refer to the detailed coverage by Law360.