HAUPPAUGE, N.Y., Nov. 25, 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 1,603,259 shares of common stock (or pre-funded warrants in lieu thereof) ("the Securities") at an offering price of $0.92 per share, in a registered direct offering, priced at-the-market using the 5 day average closing price under Nasdaq rules.
The gross proceeds to the Company from the registered direct offering are estimated to be approximately $1.4 million before deducting the placement agent's fees and other estimated offering expenses. The offering is expected to close on or about November 26, 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.
This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of these Securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. A prospectus supplement relating to the Securities offered in the registered direct offering will be filed by the Company with the SEC. When available, copies of the prospectus supplement relating to the registered direct offering, together with the accompanying prospectus, can be obtained at the SEC's website at www.sec.gov or from Maxim Group LLC, 300 Park Avenue, New York, NY 10022, Attention: Syndicate Department, or via email at syndicate@maximgrp.com or telephone at (212) 895-3500.
About AmpliTech Group
AmpliTech Group, Inc., comprising five divisions—AmpliTech Inc., Specialty Microwave, Spectrum Semiconductors Materials, AmpliTech Group Microwave Design Center, and AmpliTech Group True G Speed Services is a leading designer, developer, manufacturer, and distributor of cutting-edge radio frequency (RF) microwave components and 5G network solutions. Serving global markets, including satellite communications, telecommunications (5G & IoT), space exploration, defense, and quantum computing, AmpliTech Group is committed to advancing technology and innovation.
Forward-Looking Statements
All statements in this release that are not based on historical fact are "forward-looking statements" including within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The information in this announcement may contain forward-looking statements and information related to, among other things, statements regarding the completion of the offering and the expected net proceeds of the offering, as well the Company, its business plan and strategy, and its industry. These statements reflect management's current views with respect to future events based on information currently available and are subject to risks and uncertainties that could cause the Company's actual results to differ materially from those contained in the forward-looking statements, including risks regarding the Company's ability to satisfy closing conditions related to the offering, risks related to market conditions, and other risks described in the Company's filings with the SEC. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. The Company does not undertake any obligation to revise or update these forward-looking statements to reflect events or circumstances after such date or to reflect the occurrence of unanticipated events.
Contacts:
Corporate Social Media
Twitter: @AmpliTechAMPG
Instagram: @AmpliTechAMPG
Facebook: AmpliTechInc
Linked In: AmpliTech Group Inc
Investor Social Media
Twitter: @AMPG_IR
StockTwits: @AMPG_IR
Company Contact:
Jorge Flores
Tel: 631-521-7831
Investors@amplitechgroup.com
HAUPPAUGE, N.Y., Nov. 25, 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 1,603,259 shares of common stock (or pre-funded warrants in lieu thereof) ("the Securities") at an offering price of $0.92 per share, in a registered direct offering, priced at-the-market using the 5 day average closing price under Nasdaq rules.
The gross proceeds to the Company from the registered direct offering are estimated to be approximately $140万 before deducting the placement agent's fees and other estimated offering expenses. The offering is expected to close on or about November 26, 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.
このプレスリリースは、売却の提案または買いの提案の勧誘を構成するものではなく、そのような提案、勧誘、または販売が、その管轄権の証券法に基づく登録または資格取得の前に違法であるいかなる管轄区においても、これらの証券の販売は行われません。登録された直接オファリングに関連する証券の目論見書補足は、会社によってSECに提出されます。利用可能になり次第、登録された直接オファリングに関連する目論見書補足のコピーは、SECのウェブサイトwww.sec.govまたはMaxim Group LLC、300 Park Avenue, New York, NY 10022、Attention: Syndicate Departmentから、またはsyndicate@maximgrp.comへの電子メール、もしくは(212) 895-3500への電話で取得できます。
アンプリテック・グループについて
アンプリテック・グループ株式会社は、AmpliTech Inc.、Specialty Microwave、Spectrum Semiconductors Materials、AmpliTech Group Microwave Design Center、AmpliTech Group True G Speed Servicesの5つの部門からなる、最先端の無線周波数(RF)電子レンジ部品と5Gネットワークソリューションをデザイン、開発、製造、販売するリーディングカンパニーです。人工衛星通信、通信(5G & IoT)、宇宙探査、ディフェンス、量子コンピューティング関連など、グローバル市場にサービスを提供しており、アンプリテック・グループはテクノロジーとイノベーションの推進にコミットしています。
将来の見通しに関する記述
このリリースに記載されたすべての声明は、歴史的事実に基づかないものであり、1995年の私的証券訴訟改革法および1933年証券法第27A条、改訂版、1934年証券取引法第21E条、改訂版の意味内にある「将来見通しに関する発言」です。この発表の情報には、提供の完了および提供の予想純収益に関する声明、ならびに会社、そのビジネスプランと戦略、業種に関連する将来見通しに関する発言および情報が含まれている可能性があります。これらの発言は、現在入手可能な情報に基づく将来のイベントに関する経営陣の現在の見解を反映しており、会社の実際の結果が将来見通しに関する発言に含まれるものと実質的に異なる可能性のあるリスクや不確実性の影響を受ける可能性があります。これには、提供に関連するクロージング条件を満たす能力に関するリスク、市場条件に関連するリスク、及びSECへの会社の申請で説明されているその他のリスクが含まれます。投資家は、これらの将来見通しに関する発言に過度に依存しないように注意が必要です。これらの発言は、それが行われた日付に限り有効です。会社は、その日付以降の事象や状況を反映するために、また予期しない事象が発生したことを反映するために、これらの将来見通しに関する発言を修正または更新する義務を負いません。
連絡先:
企業のソーシャルメディア
Twitter: @AmpliTechAMPG
Instagram: @AmpliTechAMPG
Facebook: AmpliTechInc
Linked In: アンプリテック・グループ
投資家向けソーシャルメディア
Twitter: @AMPG_IR
StockTwits: @AMPG_IR
会社へのご連絡:
ホルヘ・フローレス
電話: 631-521-7831
Investors@amplitechgroup.com
