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
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