NetworkNewsBreaks – AmpliTech Group Inc. (NASDAQ
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Posted On: 04/15/2021 4:14:53 PM
NetworkNewsBreaks – AmpliTech Group Inc. (NASDAQ: AMPG) Announces Pricing of $23M Registered Direct Offering
AmpliTech Group (NASDAQ: AMPG), a designer, developer and manufacturer of custom and standard state-of-the-art RF components for commercial, SATCOM, space, defense, and military markets, today announced its entry into definitive agreements with certain institutional investors for the sale of an aggregate of 2,715,000 shares of common stock in a registered direct offering priced at-the-market under Nasdaq rules. Concurrently, AmpliTech agreed to issue to the investors, in a private placement, warrants to purchase an aggregate of 1,900,500 shares of common stock at an exercise price of $8.48 per share with a five-year term. The combined purchase price for one share of common stock and 0.70 warrants is $8.48. The company expects aggregate gross proceeds of approximately $23.0 million, prior to deducting placement agent’s fees and expenses. Subject to satisfaction of customary conditions, the offering is expected to close on or about April 16, 2021. Maxim Group LLC is acting as the exclusive placement agent for the offering.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
AmpliTech Group (NASDAQ: AMPG), a designer, developer and manufacturer of custom and standard state-of-the-art RF components for commercial, SATCOM, space, defense, and military markets, today announced its entry into definitive agreements with certain institutional investors for the sale of an aggregate of 2,715,000 shares of common stock in a registered direct offering priced at-the-market under Nasdaq rules. Concurrently, AmpliTech agreed to issue to the investors, in a private placement, warrants to purchase an aggregate of 1,900,500 shares of common stock at an exercise price of $8.48 per share with a five-year term. The combined purchase price for one share of common stock and 0.70 warrants is $8.48. The company expects aggregate gross proceeds of approximately $23.0 million, prior to deducting placement agent’s fees and expenses. Subject to satisfaction of customary conditions, the offering is expected to close on or about April 16, 2021. Maxim Group LLC is acting as the exclusive placement agent for the offering.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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