Group 1 - Seven IPOs and two SPACs submitted filings this week, with no pricings occurring during this period [2] - All seven IPO filings originated from microcap issuers, indicating a trend towards smaller companies entering the public market [2] - Among the IPOs, two companies are pursuing direct listings: Virtuix Holdings, a VR-integrated treadmill maker, and QumulusAI, a cloud computing services provider [2]

Core Viewpoint - Aktis Oncology, a clinical-stage biotech company focused on developing targeted radiopharmaceuticals for solid tumors, has filed for an IPO to raise up to $100 million [1][2] Group 1: Company Overview - Aktis Oncology was founded in 2020 and is headquartered in Boston, Massachusetts [2] - The company specializes in α-particle emitting radiopharmaceuticals aimed at treating high-prevalence solid tumors [1] Group 2: Product Pipeline - The lead candidate, Ac-AKY-1189, targets Nectin-4 protein-expressing cancers and is currently undergoing a multi-center Phase Ib clinical trial in the U.S. with approximately 150 patients enrolled; preliminary clinical data is expected in Q1 2027 [1] - Another candidate, Ac-AKY-2519, targets B7-H3 protein-expressing tumors, with an Investigational New Drug (IND) application planned for submission in 2026 [1] Group 3: Financial Information - For the 12 months ending September 30, 2025, the company expects to achieve revenue of $6 million [2] - The IPO will be listed on NASDAQ under the ticker symbol AKTS, with joint bookrunners including JPMorgan, Bank of America Securities, Leerink Partners, and TD Cowen [2]

Table of Contents As filed with the Securities and Exchange Commission on December 19, 2025. Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Aktis Oncology, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of Incorporation or organization Delaware 2834 85-2584233 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification No.) 17 ...

Core Viewpoint - Akoustis Technologies, Inc. has voluntarily filed for Chapter 11 bankruptcy to facilitate the sale of its business while ensuring continuity in operations and addressing a recent legal judgment against it [1][2]. Company Overview - Akoustis is an integrated device manufacturer specializing in patented bulk acoustic wave (BAW) high-band RF filters for mobile and wireless applications [1][8]. - The company utilizes its proprietary XBAW® manufacturing process to produce advanced RF filters, targeting higher bandwidth and operating frequencies compared to traditional technologies [8]. Legal Context - The Chapter 11 filing follows a court ruling that ordered Akoustis to pay approximately $59 million in damages related to trade secret misappropriation and patent infringement claims by Qorvo, Inc. [1][2]. - The company aims to ensure that the business sold is free from any Qorvo infringement through a court-supervised cleansing process [2]. Sale Process - Akoustis has entered into a stalking horse asset purchase agreement with Gordon Brothers Commercial & Industrial, LLC, to anchor the sale process [2]. - The company is actively seeking the highest or best bid for its assets while managing operations efficiently during the sale process [3]. Operational Continuity - Akoustis has filed customary "first day" motions to facilitate ongoing operations, including the payment of employee wages and benefits, and payments to critical vendors [3]. - The company maintains sufficient liquidity to continue normal business operations throughout the Chapter 11 process [3].

Financial Performance - Revenue for the three months ended September 30, 2024, was $9.0 million, an increase of $2.0 million or 28.6% compared to $7.0 million for the same period in 2023[116]. - Cost of revenue decreased to $4.7 million for the three months ended September 30, 2024, down $3.4 million or 42.0% from $8.1 million in the prior year[117]. - Research and Development (R&D) expenses were $2.7 million, a significant decrease of $7.6 million or 73.8% compared to $10.3 million for the same period in 2023[118]. - General and Administrative (G&A) expenses decreased to $6.9 million, down $3.3 million or 32.4% from $10.2 million in the prior year[119]. - The net loss for the three months ended September 30, 2024, was $6.4 million, a reduction of $13.7 million or 68.1% compared to a net loss of $20.1 million for the same period in 2023[121]. - Cash and cash equivalents decreased to $12.1 million as of September 30, 2024, down $12.3 million from $24.4 million as of June 30, 2024[125]. - Current liabilities as of September 30, 2024, were $80.1 million, a decrease of $4.3 million or 5.1% from $84.4 million as of June 30, 2024[128]. - Stockholders' equity deficit increased to $65.2 million as of September 30, 2024, an increase of $8.1 million or 14.2% from a deficit of $57.1 million as of June 30, 2024[129]. - Operating activities used cash of $12.2 million during the three months ended September 30, 2024, compared to $13.1 million for the same period in 2023[130]. - The Company is facing financial challenges and may need to seek protection under the Bankruptcy Code if additional financing is not obtained[122]. Business Operations - Akoustis Technologies reported a purchase order for $13 million in XBAW filters from a Tier-1 customer, raising total production commitments to over $21 million[107]. - The company has 97 patents and 31 pending patent applications as of October 31, 2024, covering its XBAW RF filter technology[98]. - Akoustis is experiencing global semiconductor shortages, which are expected to increase costs of goods sold and delivery uncertainties through 2024[106]. - The company has developed and begun commercial shipment of single-band low loss BAW filter designs for 5G and Wi-Fi bands, addressing issues like loss and bandwidth[94]. - Akoustis operates a 125,000-square foot wafer-manufacturing facility in New York, utilizing its first-generation XBAW wafer process for high-performance RF filter circuits[97]. - The company aims to engage with multiple wireless markets by providing standardized filters and customized designs to meet customer specifications[100]. - Akoustis plans to pursue RF filter design and R&D development agreements to subsidize technology development costs and enhance market intelligence[104]. - The company’s proprietary XBAW technology is designed to outperform surface-mode resonance for high-band and ultra-high-band applications[96]. Legal Matters - The District Court awarded Qorvo approximately $11.7 million in attorneys' fees and $7.3 million in pre- and post-judgment interest related to ongoing litigation[108][109]. - Akoustis is permanently enjoined from using or selling products that infringe on Qorvo's patents, as per the District Court's Injunction Order[112].

Intellectual Property and Patents - The company currently holds 97 patents and has 31 pending patent applications as of September 1, 2024, covering its XBAW® RF filter technology[25] - As of September 1, 2024, the company's intellectual property portfolio includes 97 patents and 31 active and pending patent applications, with patents expiring between 2034 and 2040[76] - The company emphasizes the importance of protecting its intellectual property rights as central to its competitive position in the RF filter industry[25] - The company emphasizes the importance of maintaining a strong intellectual property position to compete effectively against larger competitors with more resources[80] Manufacturing and Technology Development - The manufacturing facility in Canandaigua, New York, spans 125,000 square feet and utilizes the first generation XBAW wafer process for high-performance RF filter circuits[24] - The company’s ability to scale its New York wafer fabrication facility while maintaining quality control is critical to its operations[9] - The company sources raw materials and process gases from multiple suppliers to ensure adequate supply as it ramps from R&D into high-volume manufacturing[73] - RFMi's supply chain relies heavily on Tai-Saw Technology Co., Ltd. for sourcing raw materials, with certain materials like HTCC ceramic packages being single-sourced, which poses risks for supply diversification[74] Market Engagement and Business Strategy - The company aims to engage with multiple wireless markets by providing standardized filters and customized solutions to meet customer specifications[26] - The company’s business model is designed to enable broader competition among front-end module manufacturers by marketing RF filter products to various OEMs[25] - The company’s strategy includes convincing customers in diverse industries, such as mobile phones and defense, to adopt its RF filter products[27] - The company plans to pursue RF filter design and R&D agreements, potentially subsidizing technology development costs and filter design costs while retaining ownership of its core XBAW technology[28] Financial Performance and Funding - The company has not achieved profitability and has funded operations largely through equity and debt securities[35] - The company entered into a securities purchase agreement to issue and sell 10,500,000 shares of Common Stock, generating gross proceeds of approximately $10.0 million[37] - An underwritten public offering of 23,000,000 shares of Common Stock was closed, resulting in net proceeds of approximately $10.4 million[38] - The company recorded an investment tax credit of $3.2 million during the fiscal year ended June 30, 2024, under the CHIPS Act, which provides a 25% refundable tax credit for domestic semiconductor manufacturing investments[90] Product Development and Market Trends - Two new bandedge RF filter products for Wi-Fi Automotive and Access Point applications are expected to ramp into production in the second half of calendar year 2024[29] - The company has shipped over 97 million XBAW filters to the 5G mobile, Wi-Fi, 5G infrastructure, and defense markets as of the end of fiscal 2024[54] - The projected increase in filter content in mobile phone front end modules is expected to drive significant growth in the RF Front End market, with annual revenue projected to reach $25 billion by 2027[52] - The demand for RF filters is driven by the transition to LTE and 5G technologies, with a significant increase in frequency bands creating a substantial opportunity in the RFFE industry[43] Legal and Regulatory Challenges - A jury awarded Qorvo approximately $38.6 million in damages related to a litigation case, raising substantial doubt about the company's ability to continue as a going concern[30][36] - The company incurred an aggregate of approximately $19.0 million in attorneys' fees and pre- and post-judgment interest awarded to Qorvo[36] - The company faces regulatory challenges from various governmental agencies, including the FCC, which may increase development and production costs and delay product launches[85] - Noncompliance with regulations could lead to significant financial penalties, including fines and damages, adversely affecting the company's financial condition[88] Research and Development - Research and development expenses totaled $30.0 million for the year ended June 30, 2024, compared to $33.2 million for the year ended June 30, 2023[57] - The company is currently in the "Beta" phase of its XP3F technology, having successfully completed Phase 1 of a contract with DARPA, and is pursuing additional government-funded projects[55] - The company has developed and introduced multiple new XBAW filters, focusing on improving the electromechanical coupling and quality factor of resonator technology[57] - The company plans to continue developing a series of filter designs targeting 4G/LTE, 5G, Wi-Fi, automotive, and defense frequency bands[46] Employment and Workforce - As of June 30, 2024, RFMi employed 117 full-time employees and plans to continue hiring for targeted positions to enhance technology and manufacturing capabilities[83] - The company is committed to diversifying its supply chain, although certain materials may not have alternative sources available in the foreseeable future[74]

Core Insights - Akoustis Technologies, Inc. has received $8 million in new orders from a Tier-1 customer for four Wi-Fi Access Points, with production ramping in the second half of 2024 [1] - The company plans to deliver millions of parts over the next six months, including two Wi-Fi 6E and two Wi-Fi 7 programs, highlighting a strong demand for its XBAW® filters [2] - The collaboration with the Tier-1 customer emphasizes the importance of Akoustis' high-performance BAW solutions in the customer's architecture [2] Company Overview - Akoustis is an integrated device manufacturer specializing in patented bulk acoustic wave (BAW) RF filters for mobile and wireless applications, focusing on higher bandwidth and operating frequencies [3] - The company utilizes its proprietary XBAW® manufacturing process to produce RF filters that enhance signal acquisition and performance [3] - Akoustis operates a 125,000 sq. ft. ISO-9001:2015 registered wafer-manufacturing facility in Canandaigua, NY, equipped for the design and fabrication of RF filters and semiconductor devices [4]

Tier-1 Customer to Utilize Multiple XBAW® Filters for Wi-Fi 6E and 7 Access PointsVolume Orders to Satisfy Customer's Demand Through Fiscal Year 2025 Charlotte, N.C., July 09, 2024 (GLOBE NEWSWIRE) -- Akoustis Technologies, Inc. (NASDAQ:AKTS) ("Akoustis" or the "Company"), an integrated device manufacturer (IDM) of patented bulk acoustic wave (BAW) high-band RF filters for mobile and other wireless applications, announced today that the Company has received $8M in new orders from a Tier-1 customer to satisf ...

Tier-1 Customer to Use Akoustis' Next-Generation 5.5 and 6.5 GHz Wi-Fi XBAW® Filters in Tri-Band 4x4 MIMO RouterSecured Wi-Fi 7 Filter Orders to Support Production Beginning in July 2024 Through March 2025   Charlotte, N.C., June 27, 2024 (GLOBE NEWSWIRE) -- Akoustis Technologies, Inc. (NASDAQ:AKTS) ("Akoustis" or the "Company"), an integrated device manufacturer (IDM) of patented bulk acoustic wave (BAW) high-band RF filters for mobile and other wireless applications, announced today that the company has r ...

Industry Overview - The Zacks Semiconductors - Radio Frequency industry is facing challenges due to reduced capital spending by telecom carriers, rising commodity prices, persistent inflation, and global macroeconomic uncertainties [1] - Despite these challenges, companies like RF Industries and Akoustis Technologies are benefiting from increased spending on 5G deployment and the growth of IoT, ADAS, and AR/VR devices [1] Key Trends - Accelerated 5G deployment is a significant driver for the industry, with a forecast of 600 million WiFi hotspots globally by 2023, enhancing demand for RF power amplifiers and related products [3] - Innovation in IoT, wearables, and autonomous vehicles is expanding the market for RF semiconductor products beyond smartphones, with advancements in semiconductor manufacturing processes expected to bolster industry prospects [4] - The electric vehicle market is projected to grow fourfold by 2027, benefiting industry players through increased product inclusion [5] Challenges - Supply chain constraints and rising commodity costs, exacerbated by geopolitical tensions such as the Russia-Ukraine war, are hindering industry growth [5] - The industry is currently ranked 227 in the Zacks Industry Rank, placing it in the bottom 9% of over 250 Zacks industries, indicating bearish near-term prospects [6][7] Performance Metrics - The industry has underperformed the S&P 500 and its sector over the past year, declining 0.1% compared to the S&P 500's growth of 27.1% and the sector's return of 42.1% [8] - The forward 12-month price-to-earnings (P/E) ratio for the industry is 18.56X, lower than the S&P 500's 21.58X and the sector's 28.51X, with historical trading ranges between 8.17X and 23.62X [9] Company Insights - RF Industries, with a Zacks Rank of 2 (Buy), is experiencing growth due to a strong product portfolio and anticipated recovery in telecom capital expenditure, with shares gaining 9.2% year-to-date [10] - Akoustis Technologies, ranked 3 (Hold), has seen a significant decline of 85.2% year-to-date due to sluggish demand and the closure of a major customer program, although demand for WiFi 7 technology is expected to improve prospects [12]