ATech (Parent) Resolution Corp., formerly Akoustis Technologies, is now in post-effective-date liquidation-plan administration after completing its principal asset sales; the operating business is no longer the center of the case, and the remaining work is claims reconciliation, distributions and wind-down. Akoustis and three operating affiliates commenced chapter 11 on December 16, 2024, through the parent’s voluntary petitionDkt. 1. The immediate catalyst was the Qorvo litigation: a May 2024 jury verdict imposed approximately $38.6 million of damages for patent infringement and trade-secret misappropriation, later augmented by roughly $11.7 million of attorneys’ fees and substantial interest, while an October 2024 injunction restricted the use and sale of affected technology and required the removal of Qorvo material from company systems, as detailed in Qorvo’s supporting declarationDkt. 24. Those obligations placed additional pressure on a capital structure that included $44 million of unsecured convertible notes due 2027.
The debtors entered the case on a sale track and funded the process with existing liquidity rather than a new-money DIP facility. Their cash-collateral motionDkt. 13 sought authority to use cash and receivables subject to an asserted lien securing a $4 million non-interest-bearing promissory note, with replacement liens and a section 507(b) claim as adequate protection; the debtors projected that cash collateral and unencumbered liquid assets could carry the chapter 11 process. The initial sale framework contemplated a Gordon Brothers stalking-horse bid of $7 million, increasing to $10 million for a rapid closing, together with a court-supervised cleansing process to separate saleable assets from material covered by the Qorvo injunction, according to the First Day DeclarationDkt. 2. The resulting process produced approximately $36.2 million of aggregate proceeds: the core Akoustis assets were sold to Tune Holdings Corp. for approximately $30.2 million in May 2025, followed by a sale of GDSI’s assets to Silitronics Solutions Inc. for at least $6 million in June 2025.
With the operating assets monetized, the debtors moved from section 363 sales into a joint liquidation plan, which was confirmed on December 19, 2025 and became effective on December 31, 2025. U.S. Bank Trust Company now serves as Plan Administrator, and the recent docket reflects routine post-effective-date administration rather than a pending operating reorganization: its notice cancelling the June 9 hearingDkt. 989 stated that no matters were going forward, while Stretto’s quarterly claims registerDkt. 991 reflects continuing claims administration as of July 1, 2026. No further near-term hearing or transaction milestone is identified in the current record.
