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NEWS
AmpliTech Group Announces Pricing of $2.2 Million Registered Direct Offering
Wednesday, 11th December at 9:21 pm
HAUPPAUGE, N.Y., Dec. 11, 2024 (GLOBE NEWSWIRE) -- AmpliTech Group, Inc. (NASDAQ: AMPG, AMPGW)) (the "Company"), a designer, developer, and manufacturer of state-of-the-art signal processing components for satellite, Public and Private 5G, and other communications networks, including the design of complete 5G/6G systems and a global distributor of packages and lids for integrated circuits assembly, today announced that it has entered into one or more securities purchase agreements with certain institutional investors to purchase 1,352,500 shares of common stock (the "Securities") at an offering price of $1.60 per share, in a registered direct offering.
The gross proceeds to the Company from the registered direct offering are estimated to be approximately $2.2 million before deducting the placement agent's fees and other estimated offering expenses. The offering is expected to close on or about December 13, 2024, subject to the satisfaction of customary closing conditions.
Maxim Group LLC is acting as the sole placement agent in connection with the offering.
The Securities are being offered pursuant to a shelf registration statement on Form S-3 (File No. 333-278657), which was declared effective by the U.S. Securities and Exchange Commission (the "SEC") on April 24, 2024. The offering will be made only by means of a prospectus supplement that forms a part of such registration statement.
Wednesday, 11th December at 9:21 pm
HAUPPAUGE, N.Y., Dec. 11, 2024 (GLOBE NEWSWIRE) -- AmpliTech Group, Inc. (NASDAQ: AMPG, AMPGW)) (the "Company"), a designer, developer, and manufacturer of state-of-the-art signal processing components for satellite, Public and Private 5G, and other communications networks, including the design of complete 5G/6G systems and a global distributor of packages and lids for integrated circuits assembly, today announced that it has entered into one or more securities purchase agreements with certain institutional investors to purchase 1,352,500 shares of common stock (the "Securities") at an offering price of $1.60 per share, in a registered direct offering.
The gross proceeds to the Company from the registered direct offering are estimated to be approximately $2.2 million before deducting the placement agent's fees and other estimated offering expenses. The offering is expected to close on or about December 13, 2024, subject to the satisfaction of customary closing conditions.
Maxim Group LLC is acting as the sole placement agent in connection with the offering.
The Securities are being offered pursuant to a shelf registration statement on Form S-3 (File No. 333-278657), which was declared effective by the U.S. Securities and Exchange Commission (the "SEC") on April 24, 2024. The offering will be made only by means of a prospectus supplement that forms a part of such registration statement.
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HannChau : i.guess the rally come to end with this.offering.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Jaguar8 OP HannChau : Yup I checked it this afternoon they only have 3 months in cash. It always helps to check dilution risk for overnight swings
Debbieee : Not time to buy it anymore?