HAUPPAUGE, N.Y., Sept. 09, 2024 (GLOBE NEWSWIRE) — AmpliTech Group, Inc. (Nasdaq: AMPG, AMPGW) (the Firm), a designer, developer, and producer of state-of-the-art sign processing elements for satellite tv for pc, Public and Personal 5G, and different communications networks, together with the design of full 5G/6G methods and a worldwide distributor of packages and lids for built-in circuits meeting, right this moment introduced that it has entered right into a securities buy settlement with a single institutional investor to buy 1,369,488 shares of widespread inventory at an providing value of $0.7302 per share, in a registered direct providing priced at-the-market.
The gross proceeds to the Firm from the registered direct providing are estimated to be roughly $1.0 million earlier than deducting the position agent’s charges and different estimated providing bills. The providing is anticipated to shut on or about September 11, 2024, topic to the satisfaction of customary closing situations.
Maxim Group LLC is performing as the only real placement agent in reference to the providing and Bard Associates, Inc is the only real investor within the providing.
The shares of widespread inventory are being provided pursuant to a shelf registration assertion on Type S-3 (File No. 333-278657), which was declared efficient by the U.S. Securities and Trade Fee (the SEC) on April 24, 2024. The providing of shares of widespread inventory can be made solely by way of a prospectus complement that kinds part of such registration assertion.
This press launch doesn’t represent a proposal to promote or the solicitation of a proposal to purchase, nor will there be any gross sales of those securities in any jurisdiction wherein such supply, solicitation or sale can be illegal previous to registration or qualification underneath the securities legal guidelines of such jurisdiction. A prospectus complement referring to the shares of widespread inventory provided within the registered direct providing can be filed by the Firm with the SEC. When obtainable, copies of the prospectus complement referring to the registered direct providing, along with the accompanying prospectus, might be obtained on the SEC’s web site at www.sec.gov or from Maxim Group LLC, 300 Park Avenue, New York, NY 10022, Consideration: Syndicate Division, or through e mail at syndicate@maximgrp.com or phone at (212) 895-3500.
About AmpliTech Group
AmpliTech Group, Inc., comprising 5 divisions”AmpliTech Inc., Specialty Microwave, Spectrum Semiconductors Supplies, AmpliTech Group Microwave Design Middle, and AmpliTech Group True G Pace Providers is a number one designer, developer, producer, and distributor of cutting-edge radio frequency (RF) microwave elements and 5G community options. Serving world markets, together with satellite tv for pc communications, telecommunications (5G & IoT), area exploration, protection, and quantum computing, AmpliTech Group is dedicated to advancing know-how and innovation.
Ahead-Trying Statements
All statements on this launch that aren’t based mostly on historic reality are forward-looking statements together with throughout the which means of the Personal Securities Litigation Reform Act of 1995 and the provisions of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Trade Act of 1934, as amended. The knowledge on this announcement could comprise forward-looking statements and knowledge associated to, amongst different issues, statements relating to the completion of the providing and the anticipated web proceeds of the providing, as effectively the Firm, its marketing strategy and technique, and its business. These statements mirror administration’s present views with respect to future occasions based mostly on data at present obtainable and are topic to dangers and uncertainties that would trigger the Firm’s precise outcomes to vary materially from these contained within the forward-looking statements, together with dangers relating to the Firm’s means to fulfill closing situations associated to the providing, dangers associated to market situations, and different dangers described within the Firm’s filings with the SEC. Traders are cautioned to not place undue reliance on these forward-looking statements, which communicate solely as of the date on which they’re made. The Firm doesn’t undertake any obligation to revise or replace these forward-looking statements to mirror occasions or circumstances after such date or to mirror the prevalence of unanticipated occasions.
Contacts:
Company Social Media
Twitter: @AmpliTechAMPG
Instagram: @AmpliTechAMPG
Fb (NASDAQ:): AmpliTechInc
Linked In: AmpliTech Group Inc
Investor Social Media
Twitter: @AMPG_IR
StockTwits: @AMPG_IR
Firm Contact:
Jorge Flores
Tel: 631-521-7831
Traders@amplitechgroup.com
Supply: AmpliTech Group, Inc.
