AmpliTech Group Announces Pricing of $10.0 Million Registered Direct Offering

Company Overview - AmpliTech Group, Inc. is a leading designer, developer, manufacturer, and distributor of advanced radio frequency (RF) microwave components and 5G network solutions, serving global markets including satellite communications, telecommunications (5G & IoT), space exploration, defense, and quantum computing [6]. Offering Details - The company has entered into securities purchase agreements with institutional investors to purchase 2,173,920 shares of common stock at an offering price of $4.60 per share in a registered direct offering [7]. - The gross proceeds from the offering are estimated to be approximately $10.0 million before deducting placement agent fees and other estimated offering expenses, with the offering expected to close on or about December 31, 2024, subject to customary closing conditions [5]. Regulatory Information - The securities are being offered pursuant to a shelf registration statement on Form S-3, which was declared effective by the U.S. Securities and Exchange Commission on April 24, 2024 [1]. - A prospectus supplement relating to the securities offered in the registered direct offering will be filed by the company with the SEC [8].