AmpliTech Group, Inc. announced on December 30, 2024, that it has entered into securities purchase agreements with institutional investors for a registered direct offering. The offering involves the purchase of 2,173,920 shares of common stock at an offering price of $4.60 per share.
The gross proceeds to the company from this registered direct offering are estimated to be approximately $10.0 million, before deducting placement agent's fees and other estimated offering expenses. The offering is expected to close on or about December 31, 2024, subject to customary closing conditions.
Maxim Group LLC is acting as the sole placement agent in connection with the offering. This substantial capital raise is intended to provide AmpliTech with significant financial resources to accelerate its strategic growth initiatives and investments in its high-growth divisions.
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