AmpliTech Group Announces Pricing of $1.4 Million Registered Direct Offering, Priced At-The-Market

Company Overview - AmpliTech Group, Inc. is a designer, developer, and manufacturer of advanced signal processing components for satellite, Public and Private 5G, and other communications networks, including complete 5G/6G systems [2][6] - The company operates five divisions: AmpliTech Inc., Specialty Microwave, Spectrum Semiconductors Materials, AmpliTech Group Microwave Design Center, and AmpliTech Group True G Speed Services [6] Offering Details - The company announced a registered direct offering of 1,603,259 shares of common stock at an offering price of $0.92 per share, resulting in gross proceeds of approximately $1.4 million before expenses [2][3] - The offering is expected to close on or about November 26, 2024, subject to customary closing conditions [3] - Maxim Group LLC is acting as the sole placement agent for the offering [4] Regulatory Information - The securities are being offered under a shelf registration statement on Form S-3, which was declared effective by the SEC on April 24, 2024 [4]