{"id":790919,"date":"2024-11-26T16:03:27","date_gmt":"2024-11-26T21:03:27","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/amplitech-group-announces-closing-of-1-4-million-registered-direct-offering\/"},"modified":"2024-11-26T16:03:27","modified_gmt":"2024-11-26T21:03:27","slug":"amplitech-group-announces-closing-of-1-4-million-registered-direct-offering","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/amplitech-group-announces-closing-of-1-4-million-registered-direct-offering\/","title":{"rendered":"AmpliTech Group Announces Closing of $1.4 Million Registered Direct Offering"},"content":{"rendered":"
\n

HAUPPAUGE, N.Y., Nov. 26, 2024 (GLOBE NEWSWIRE) — AmpliTech Group, Inc. (Nasdaq: AMPG, AMPGW) (the \u201cCompany\u201d), 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 it has closed on its previously announced registered direct offering for the sale of 1,603,259 shares of common stock (or pre-funded warrants in lieu thereof) (\u201cthe Securities\u201d) at an offering price of $0.92 per share.<\/p>\n

The gross proceeds to the Company from the registered direct offering were approximately $1,475,000 before deducting the placement agent\u2019s fees and other offering expenses. Maxim Group LLC acted as the sole placement agent in connection with the offering.<\/p>\n

The Securities were 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 \u201cSEC\u201d) on April 24, 2024. The offering was made only by means of a prospectus supplement that forms a part of such registration statement.<\/p>\n

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 was filed by the Company with the SEC. 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<\/a>\u00a0or from Maxim Group LLC, 300 Park Avenue, New York, NY 10022, Attention: Syndicate Department, or via email at syndicate@maximgrp.com<\/a>\u00a0or telephone at (212) 895-3500.<\/p>\n

\n About AmpliTech Group<\/strong>\n <\/p>\n

AmpliTech Group, Inc., comprising five divisions\u2014AmpliTech 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.<\/p>\n

\n Forward-Looking Statements<\/strong>\n <\/p>\n

All statements in this release that are not based on historical fact are \u201cforward-looking statements\u201d 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 Company, its business plan and strategy, and its industry. Such forward statements include, but are not limited to, that the booking of orders and anticipation of booking of orders, including LNB and 5G products and Fujitsu Spain, will lead to sales of products, These statements reflect management\u2019s current views with respect to future events based on information currently available and are subject to risks and uncertainties that could cause the Company\u2019s actual results to differ materially from those contained in the forward-looking statements, including risks related to market conditions, and other risks described in the Company\u2019s 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.<\/p>\n

\n Contacts:<\/strong>\n <\/p>\n

\n Corporate Social Media<\/strong>
\n
Twitter:\u00a0@AmpliTechAMPG<\/a>
Instagram:\u00a0@AmpliTechAMPG<\/a>
Facebook:\u00a0AmpliTechInc<\/a>
Linked In:\u00a0AmpliTech Group Inc<\/a><\/p>\n

\n Investor Social Media<\/strong>
\n
Twitter:\u00a0@AMPG_IR<\/a>
StockTwits:\u00a0@AMPG_IR<\/a><\/p>\n

\n Company Contact:<\/strong>
\n
Jorge Flores
Tel: 631-521-7831
Investors@amplitechgroup.com<\/a><\/p>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

HAUPPAUGE, N.Y., Nov. 26, 2024 (GLOBE NEWSWIRE) — AmpliTech Group, Inc. (Nasdaq: AMPG, AMPGW) (the \u201cCompany\u201d), 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 it has closed on its previously announced registered direct offering for the sale of 1,603,259 shares of common stock (or pre-funded warrants in lieu thereof) (\u201cthe Securities\u201d) at an offering price of $0.92 per share. The gross proceeds to the Company from the registered direct offering were approximately $1,475,000 before deducting the placement agent\u2019s fees and other offering expenses. Maxim Group LLC acted … <\/p>\n

Continue reading “AmpliTech Group Announces Closing of $1.4 Million Registered Direct Offering”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-790919","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nAmpliTech Group Announces Closing of $1.4 Million Registered Direct Offering - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/amplitech-group-announces-closing-of-1-4-million-registered-direct-offering\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AmpliTech Group Announces Closing of $1.4 Million Registered Direct Offering - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"HAUPPAUGE, N.Y., Nov. 26, 2024 (GLOBE NEWSWIRE) — AmpliTech Group, Inc. 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