AmpliTech Group Secures $10 Million in Strategic Funding

AmpliTech Group's New Funding Announcement

AmpliTech Group, Inc. (NASDAQ: AMPG, AMPGW) recently made significant strides in enhancing its capital base by announcing a registered direct offering of 2,173,920 shares of common stock. This move is aimed at raising approximately $10.0 million, with each share priced at $4.60. The Company has taken proactive steps to align itself with institutional investors who recognize the value and potential of its cutting-edge technologies.

Details of the Offering

The estimated gross proceeds from this offering are calculated to be around $10.0 million before any deductions, which include placement agent fees and other expenses related to the offering. The anticipated closing date for this offering is nearing the end of the month, contingent upon meeting typical closing conditions.

The Role of the Placement Agent

Maxim Group LLC has been appointed as the sole placement agent to facilitate this offering, ensuring a smooth process for investors looking to participate. They bring invaluable expertise in handling such transactions, which will help AmpliTech streamline its engagement with investors.

Regulatory Compliance and Registration

This offering is being conducted in accordance with the shelf registration statement on Form S-3, filed with the U.S. Securities and Exchange Commission (SEC). The statement, effective since April of the previous year, provides a legal framework for AmpliTech to offer these shares efficiently, utilizing a prospectus supplement as part of the process.

Transparency in Investor Communication

With a focus on transparency, AmpliTech will file a prospectus supplement with the SEC, which will detail the specifics of the securities being offered. While this announcement does not constitute an investment solicitation, it’s essential for potential investors to stay informed about the registered offering.

About AmpliTech Group

AmpliTech Group, Inc. excels in the design and manufacturing of advanced signal processing components for a variety of applications including satellite communications and 5G networks. The Company operates through five distinct divisions, focusing on creating cutting-edge radio frequency (RF) microwave components and 5G solutions. Their services span across various sectors such as telecommunications, defense, and quantum computing, showcasing their versatility and commitment to innovation.

A Commitment to Innovation

As a forward-thinking entity in the technological landscape, AmpliTech is dedicated to advancing its offerings continually. Their innovative approaches allow them to cater to the rising demand in the communications industry, setting them apart as leaders in RF microwave technology.

Engaging with the Community

To foster a robust relationship with stakeholders, AmpliTech maintains active corporate social media platforms, providing updates and engaging with audiences. Their Twitter handle, @AmpliTechAMPG, is a hub for news and announcements regarding their technological advancements and market activities.

Investor Relations

In addition to community engagement, AmpliTech prioritizes investor relations. Their Twitter account, @AMPG_IR, serves as a dedicated channel for investors to receive real-time updates and insights regarding company performance and strategic initiatives.

Frequently Asked Questions

What is the total amount AmpliTech Group aims to raise from the offering?

AmpliTech Group is looking to raise approximately $10 million from the offering.

Who is acting as the placement agent for the offering?

Maxim Group LLC is serving as the sole placement agent for this direct offering.

What is the share price for the offering?

The offering price has been set at $4.60 per share for the common stock being sold.

What is the estimated closing date for the offering?

The offering is expected to close at the end of the month, pending customary closing conditions.

Where can I find more information about AmpliTech's offerings?

For more details, investors can follow AmpliTech on their corporate social media or contact their investor relations department directly.

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