Exhibit 25.1

 

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM T-1

 

STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE

 

CHECK IF AN APPLICATION TO DETERMINE
ELIGIBILITY OF A TRUSTEE PURSUANT TO
SECTION 305(b)(2)               |__|

 

 

 

THE BANK OF NEW YORK MELLON
TRUST COMPANY, N.A.
(Exact name of trustee as specified in its charter)

 


(Jurisdiction of incorporation
if not a U.S. national bank)
95-3571558
(I.R.S. employer
identification no.)

400 South Hope Street
Suite 500

Los Angeles, California

(Address of principal executive offices)

 



90071
(Zip code)

 

 


Akoustis Technologies, Inc.
(Exact name of obligor as specified in its charter)

 

Delaware
(State or other jurisdiction of
incorporation or organization)
33-1229046
(I.R.S. employer
identification no.)
   
9805 Northcross Center Court, Suite A
Huntersville, North Carolina
(Address of principal executive offices)

28078
(Zip code)

 

Akoustis, Inc.
(Exact name of obligor as specified in its charter)

 

Delaware
(State or other jurisdiction of
incorporation or organization)
46-5645617
(I.R.S. employer
identification no.)
   
9805 Northcross Center Court, Suite A
Huntersville, North Carolina
(Address of principal executive offices)

28078
(Zip code)

 

 

 

6.5% Convertible Senior Secured Notes due 2023
and Guarantees of 6.5% Convertible Senior Secured Notes due 2023
(Title of the indenture securities)

 

 

 

 

 

 

1.General information. Furnish the following information as to the trustee:

 

(a)Name and address of each examining or supervising authority to which it is subject.

 

Name Address

Comptroller of the Currency

United States Department of the Treasury

Washington, DC 20219
   
Federal Reserve Bank

San Francisco, CA 94105

   
Federal Deposit Insurance Corporation

Washington, DC 20429
(b)Whether it is authorized to exercise corporate trust powers.

 

Yes.

 

2.Affiliations with Obligor.

 

If the obligor is an affiliate of the trustee, describe each such affiliation.

 

None.

 

16.List of Exhibits.

 

Exhibits identified in parentheses below, on file with the Commission, are incorporated herein by reference as an exhibit hereto, pursuant to Rule 7a-29 under the Trust Indenture Act of 1939 (the “Act”) and 17 C.F.R. 229.10(d).

 

1.A copy of the articles of association of The Bank of New York Mellon Trust Company, N.A., formerly known as The Bank of New York Trust Company, N.A. (Exhibit 1 to Form T-1 filed with Registration Statement No. 333-121948 and Exhibit 1 to Form T-1 filed with Registration Statement No. 333-152875).

 

2.A copy of certificate of authority of the trustee to commence business. (Exhibit 2 to Form T-1 filed with Registration Statement No. 333-121948).

 

3.A copy of the authorization of the trustee to exercise corporate trust powers (Exhibit 3 to Form T-1 filed with Registration Statement No. 333-152875).

 

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4.A copy of the existing by-laws of the trustee (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-162713).

 

6.The consent of the trustee required by Section 321(b) of the Act (Exhibit 6 to Form T-1 filed with Registration Statement No. 333-152875).

 

7.A copy of the latest report of condition of the Trustee published pursuant to law or to the requirements of its supervising or examining authority.

 

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SIGNATURE

 

Pursuant to the requirements of the Act, the trustee, The Bank of New York Mellon Trust Company, N.A., a banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Chicago, and State of Illinois, on the 17th day of July, 2018.

 

  THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.
   
  By: /s/ R. Tarnas
    Name: R. Tarnas
Title:   Vice President

 

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EXHIBIT 7

 

Consolidated Report of Condition of

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.

of 400 South Hope Street, Suite 500, Los Angeles, CA 90071

 

At the close of business March 31, 2018, published in accordance with Federal regulatory authority instructions.

 

   Dollar amounts in thousands 
ASSETS    
     
Cash and balances due from depository institutions:     
Noninterest-bearing balances and currency and coin   3,649 
Interest-bearing balances   432,247 
Securities:     
Held-to-maturity securities   0 
Available-for-sale securities   593,024 
Equity securities with readily determinable fair values not held for trading   0 
Federal funds sold and securities purchased under agreements to resell:     
Federal funds sold   0 
Securities purchased under agreements to resell   0 
Loans and lease financing receivables:     
Loans and leases held for sale   0 
Loans and leases, held for investment   0 
LESS: Allowance for loan and lease losses   0 
Loans and leases held for investment, net of allowance   0 
Trading assets   0 
Premises and fixed assets (including capitalized leases)   10,325 
Other real estate owned   0 
Investments in unconsolidated subsidiaries and associated companies   0 
Direct and indirect investments in real estate ventures   0 
Intangible assets:     
Goodwill   856,313 
Other intangible assets   17,729 
Other assets   123,432 
Total assets  $2,036,719 

 

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LIABILITIES    
     
Deposits:     
In domestic offices   731 
Noninterest-bearing   731 
Interest-bearing   0 
Not applicable     
Federal funds purchased and securities sold under agreements to repurchase:     
Federal funds purchased   0 
Securities sold under agreements to repurchase   0 
Trading liabilities   0 
Other borrowed money:     
(includes mortgage indebtedness and obligations under capitalized leases)   0 
Not applicable     
Not applicable     
Subordinated notes and debentures   0 
Other liabilities   226,421 
Total liabilities   227,152 
Not applicable     
      
EQUITY CAPITAL     
      
Perpetual preferred stock and related surplus   0 
Common stock   1,000 
Surplus (exclude all surplus related to preferred stock)   1,123,298 
Not available     
Retained earnings   687,782 
Accumulated other comprehensive income   -2,513 
Other equity capital components   0 
Not available     
Total bank equity capital   1,809,567 
Noncontrolling (minority) interests in consolidated subsidiaries   0 
Total equity capital   1,809,567 
Total liabilities and equity capital   2,036,719 

 

I, Matthew J. McNulty, CFO of the above-named bank do hereby declare that the Reports of Condition and Income (including the supporting schedules) for this report date have been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and are true to the best of my knowledge and belief.

 

Matthew J. McNulty        )              CFO

 

We, the undersigned directors (trustees), attest to the correctness of the Report of Condition (including the supporting schedules) for this report date and declare that it has been examined by us and to the best of our knowledge and belief has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true and correct.

 

Antonio I. Portuondo, President )  
William D. Lindelof, Director ) Directors (Trustees)
Alphonse J. Briand, Director )  

 

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