AmpliTech Group Announces Pricing of $1.0 Million Registered Direct Offering, Priced at Market

HAUPPAUGE, NY, Sept. 9, 2024 (GLOBE NEWSWIRE) — AmpliTech Group, Inc. (Nasdaq: AMPG, AMPGW) (the “Company”), a designer, developer and manufacturer of advanced 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 integrated circuit assembly packages and covers, today announced that it has entered into a securities purchase agreement with a single institutional investor to purchase 1,369,488 shares of its common stock at an offering price of $0.7302 per share, in a registered direct offering at market price.

The gross proceeds to the Company from the registered direct offering are estimated to be approximately $1.0 million before deducting placement agent fees and other estimated offering expenses. The offering is expected to close on or about September 11, 2024, subject to the satisfaction of customary closing conditions.