Amplitech Group Inc. (AMPG) Prices 1.87M Share Offering at $3.10/sh

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Go back to Amplitech Group Inc. (AMPG) Prices 1.87M Share Offering at $3.10/sh

AmpliTech Group Announces Pricing of $5.8 Million Registered Direct Offering

December 26, 2024 9:15 AM EST

HAUPPAUGE, N.Y., Dec. 26, 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 1,871,000 shares of common stock (the Securities) at an offering price of $3.10 per share, in a registered direct offering.

The gross proceeds to the... More