InvestorWire NewsRoom

InvestorNewsBreak

InvestorNewsBreaks – AmpliTech Group Inc. (NASDAQ: AMPG) Announces Pricing of $23M Registered Direct Offering
April 15, 2021

InvestorNewsBreaks – 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.

To view the full press release, visit https://ibn.fm/HwfOV

About AmpliTech Group Inc.

AmpliTech Group designs, develops and manufactures custom and standard state-of-the-art RF components for the domestic and international, SATCOM, space, defense and military markets. These designs cover the frequency range from 50 kHz to 40 GHz — eventually offering designs up to 100 GHz. AmpliTech also provides consulting services to help with any microwave components or systems design problems. The company’s steady growth over the past 13+ years has come about because it can provide complex, custom solutions for nearly ANY requirements. In addition, AmpliTech has the best assemblers, wires and technicians in the industry and can provide contract assembly of customers’ own designs. For more information about the company, visit www.AmpliTechinc.com.

NOTE TO INVESTORS: The latest news and updates relating to AMPG are available in the company’s newsroom at https://ibn.fm/AMPG

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent. We offer UNLIMITED Words on all domestic releases. While other wire services may provide a basic review of your release, InvestorWire helps you put your best foot forward with complimentary Press Release Enhancement.

With our competitors, the work is done the second your release crosses the wire. Not with InvestorWire. We include follow-up coverage of every release by leveraging the ever-expanding audiences of the 50+ brands that make up the InvestorBrandNetwork.

Get more out of your next press release with InvestorWire. It’s unlike anything you’ve seen before.

For more information, please visit https://www.InvestorWire.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer

InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.InvestorWire.com
[email protected]

InvestorWire is part of the InvestorBrandNetwork.

Recent NewsBreaks

NewsBreaks Categories

Get Started with InvestorWire

To distribute a release in the next 24 hours. Contact our client services team.

(310) 299-1717

Distribute a press release. Submit your release to get started.

Submit Press Release

Set up a Live demonstration. Schedule a date and time that works for you.

Schedule a LIVE Demo

Press Distribution

Explore Press Distribution Solutions

All releases include an unlimited word count* with full wire-grade syndication, our press release enhancement service, and a follow-up InvestorNewsBreak article distributed to thousands of editorial syndication partners.

Discover Add-on Solutions

Increase the impact of your achievements by adding these exclusive solutions from InvestorWire, delivered in conjunction with the InvestorBrandNetwork (IBN).