secwatch.observer — SEC 8-K summary
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Issuer:     ATECH (PARENT) RESOLUTION CORP. (—)
CIK:        0001584754
Form:       8-K
Filed at:   2024-12-16T23:59:59+00:00
Accession:  0001213900-24-109364
Event type: other_material
Sentiment:  negative
Materiality: 1.00
Item codes: 1.01, 1.03, 2.04, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Akoustis files Chapter 11 after $58M Qorvo judgement; stalking horse asset sale for $10M
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- Filed Chapter 11 in Delaware on Dec 16, 2024; expects no recovery for common equity holders.
- Stalking horse agreement with Gordon Brothers for $10M to purchase certain assets; subject to higher bids.
- Filing triggered by $58M final judgement to Qorvo for trade secret misappropriation and patent infringement.
- $44M in 6% convertible notes due 2027 accelerated; all debt obligations automatically stayed.
- Annual meeting cancelled; Company to continue operations during sale process.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1584754/000121390024109364/0001213900-24-109364-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1584754/000121390024109364/ea0224859-8k_akoustis.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-109364

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer