AmpliTech Group (NASDAQ: AMPG, AMPGW), a designer, developer and manufacturer of custom and standard state-of-the-art RF (“RF”) components for commercial, SATCOM, 5G, quantum computing, space, defense and military markets, has closed on its registered direct offering. The offering comprised 2,715,000 shares of common stock priced at-the-market under Nasdaq rules. In addition to its common stock, the company also issued warrants enabling investors to purchase up to 1,900,500 additional shares of common stock at $8.48 per share with a five-year term in a concurrent private placement. The announcement noted that gross proceeds from the direct offering totaled approximately $23 million before deducting typical fees and expenses. “With this financing, we are now in a better position to support our larger customers and provide them with the necessary support and services to maintain and increase their business and confidence,” said AmpliTech CEO Fawad Maqbool.
To view the full press release, visit https://ibn.fm/HaRtA
About AmpliTech Group Inc.
AmpliTech Group designs, develops and manufactures custom and standard state-of-the-art RF components for the domestic and international, SATCOM, space, defense and military markets. These designs cover the frequency range from 50 kHz to 40 GHz – eventually, offering designs up to 100 GHz. AmpliTech also provides consulting services to help with any microwave components or systems design problems. The company’s steady growth over the past 13-plus years has come about because it can provide complex, custom solutions for nearly any custom requirements. In addition, AmpliTech Group has the best assemblers, wires, and technicians in the industry and can provide contract assembly of customers’ own designs. For more information about the company, visit www.AmpliTechInc.com.
NOTE TO INVESTORS: The latest news and updates relating to AMPG are available in the company’s newsroom at https://ibn.fm/AMPG
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