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AmpliTech Group (Nasdaq: AMPG) has announced a $1.0 million registered direct offering priced at-the-market. The company will sell 1,369,488 shares of common stock at $0.7302 per share to a single institutional investor. The offering is expected to close around September 11, 2024. Maxim Group is acting as the sole placement agent, with Bard Associates, Inc as the sole investor. The offering is made under a shelf registration statement on Form S-3 (File No. 333-278657), which became effective on April 24, 2024. AmpliTech Group specializes in designing and manufacturing signal processing components for satellite, 5G, and other communication networks, including complete 5G/6G systems design.
AmpliTech Group (Nasdaq: AMPG) ha annunciato un offerta diretta registrata di 1,0 milioni di dollari a prezzo di mercato. L’azienda venderà 1.369.488 azioni di azioni ordinarie a 0,7302 dollari per azione a un singolo investitore istituzionale. Si prevede che l’offerta si chiuda intorno al 11 settembre 2024. Maxim Group funge da unico agente di collocamento, con Bard Associates, Inc come unico investitore. L’offerta è effettuata sotto una dichiarazione di registrazione a scaffale sul modulo S-3 (Numero di file 333-278657), che è diventata efficace il 24 aprile 2024. AmpliTech Group è specializzata nella progettazione e produzione di componenti per l’elaborazione dei segnali per satelliti, 5G e altre reti di comunicazione, inclusa la progettazione di sistemi completi 5G/6G.
AmpliTech Group (Nasdaq: AMPG) ha anunciado una oferta directa registrada de 1.0 millones de dólares a precio de mercado. La empresa venderá 1,369,488 acciones de acciones ordinarias a 0.7302 dólares por acción a un solo inversionista institucional. Se espera que la oferta se cierre alrededor del 11 de septiembre de 2024. Maxim Group actúa como el único agente de colocación, con Bard Associates, Inc. como el único inversor. La oferta se realiza bajo una declaración de registro en estante en el Formulario S-3 (Número de archivo 333-278657), que se volvió efectiva el 24 de abril de 2024. AmpliTech Group se especializa en el diseño y fabricación de componentes de procesamiento de señales para satélites, 5G y otras redes de comunicación, incluido el diseño de sistemas completos 5G/6G.
AmpliTech Group (Nasdaq: AMPG)는 100만 달러의 등록된 직접 공모를 시장 가격으로 발표했습니다. 회사는 1,369,488주의 보통주를 주당 0.7302달러에 단일 기관 투자자에게 판매할 예정입니다. 이 공모는 2024년 9월 11일경 마감될 것으로 예상됩니다. Maxim Group은 유일한 배급 대행사로 활동하고 있으며, Bard Associates, Inc.이 유일한 투자자입니다. 이 공모는 2024년 4월 24일에 발효된 선반 등록 서류(Form S-3, 파일 번호 333-278657) 아래에서 이루어집니다. AmpliTech Group은 위성, 5G 및 기타 통신 네트워크를 위한 신호 처리 구성 요소의 설계 및 제조를 전문으로 하며, 완전한 5G/6G 시스템 설계도 포함됩니다.
AmpliTech Group (Nasdaq: AMPG) a annoncé une offre directe enregistrée de 1,0 million de dollars au prix du marché. La société vendra 1 369 488 actions d’actions ordinaires à 0,7302 dollars par action à un seul investisseur institutionnel. La clôture de l’offre est prévue aux alentours du 11 septembre 2024. Maxim Group agit en tant qu’agent de placement exclusif, avec Bard Associates, Inc. comme seul investisseur. L’offre est réalisée dans le cadre d’une déclaration d’enregistrement sur étagère selon le formulaire S-3 (Numéro de dossier 333-278657), qui a pris effet le 24 avril 2024. AmpliTech Group est spécialisée dans la conception et la fabrication de composants de traitement du signal pour les satellites, le 5G et d’autres réseaux de communication, y compris la conception de systèmes complets 5G/6G.
AmpliTech Group (Nasdaq: AMPG) hat ein registriertes Direktangebot über 1,0 Millionen Dollar zum Marktpreis angekündigt. Das Unternehmen wird 1.369.488 Aktien von Stammaktien zu einem Preis von 0,7302 Dollar pro Aktie an einen einzigen institutionellen Investor verkaufen. Der Abschluss des Angebots wird für den 11. September 2024 erwartet. Maxim Group fungiert als alleiniger Platzierungsagent, während Bard Associates, Inc. als alleiniger Investor auftritt. Das Angebot erfolgt unter einer Shelf-Registrierungserklärung auf Formular S-3 (Dateinummer 333-278657), die am 24. April 2024 in Kraft trat. AmpliTech Group hat sich auf die Entwicklung und Herstellung von Signalverarbeitungskomponenten für Satelliten, 5G und andere Kommunikationsnetzwerke spezialisiert, einschließlich des Designs vollständiger 5G/6G-Systeme.
Positive
- Secured $1.0 million in funding through a registered direct offering
- Offering priced at-the-market, indicating current market valuation
- Single institutional investor participation suggests confidence in the company
Negative
- Potential dilution of existing shareholders’ equity
- Relatively small offering size may indicate investor interest or company’s funding needs
AmpliTech Group’s $1.0 million registered direct offering is a double-edged sword for investors. On one hand, it provides necessary capital for operations and potential growth initiatives. However, the at-the-market pricing of $0.7302 per share suggests investor enthusiasm and could lead to dilution for existing shareholders.
The involvement of a single institutional investor (Bard Associates) may indicate confidence in AmpliTech’s prospects, but also concentrates risk. The company’s focus on 5G/6G systems and signal processing components positions it in a high-growth sector, yet the need for additional funding raises questions about its current financial health and ability to capitalize on market opportunities.
AmpliTech’s specialization in signal processing components for satellite and 5G/6G communications places it at the forefront of critical technological advancements. The company’s expansion into complete 5G/6G systems design demonstrates a strategic move up the value chain, potentially increasing its market share and profit margins.
However, the telecom equipment market is highly competitive, with established players and well-funded startups vying for dominance. AmpliTech’s success will hinge on its ability to innovate rapidly and secure key partnerships. The $1 million raised, while helpful, may not be sufficient to fund extensive R&D or large-scale production, potentially limiting the company’s ability to capitalize on its technological expertise in the short term.
The pricing of AmpliTech’s offering at $0.7302 per share reflects current market conditions and investor sentiment. This below-dollar valuation could be seen as a red flag, potentially indicating challenges in the company’s financial performance or market position. However, it also presents a low entry point for investors bullish on the 5G/6G sector.
The global 5G infrastructure market is projected to grow at a CAGR of over 40% through 2028, presenting significant opportunities for companies like AmpliTech. Yet, the modest size of this offering suggests the company may struggle to fully capitalize on this growth without additional funding rounds. Investors should closely monitor AmpliTech’s ability to secure contracts and partnerships in the coming months as indicators of its competitive position and growth potential.
HAUPPAUGE, N.Y., Sept. 09, 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 a securities purchase agreement with a single institutional investor to purchase 1,369,488 shares of common stock at an offering price of $0.7302 per share, in a registered direct offering priced at-the-market.
The gross proceeds to the Company from the registered direct offering are estimated to be approximately $1.0 million before deducting the placement agent’s 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.
Maxim Group LLC is acting as the sole placement agent in connection with the offering and Bard Associates, Inc is the sole investor in the offering.
The shares of common stock are being 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 “SEC”) on April 24, 2024. The offering of shares of common stock will be made only by means of a prospectus supplement that forms a part of such registration statement.
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 shares of common stock offered in the registered direct offering will be filed by the Company with the SEC. When available, 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 or from Maxim Group LLC, 300 Park Avenue, New York, NY 10022, Attention: Syndicate Department, or via email at syndicate@maximgrp.com or telephone at (212) 895-3500.
About AmpliTech Group
AmpliTech Group, Inc., comprising five divisions—AmpliTech 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.
Forward-Looking Statements
All statements in this release that are not based on historical fact are “forward-looking statements” 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 completion of the offering and the expected net proceeds of the offering, as well the Company, its business plan and strategy, and its industry. These statements reflect management’s current views with respect to future events based on information currently available and are subject to risks and uncertainties that could cause the Company’s actual results to differ materially from those contained in the forward-looking statements, including risks regarding the Company’s ability to satisfy closing conditions related to the offering, risks related to market conditions, and other risks described in the Company’s 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.
Contacts:
Corporate Social Media
Twitter: @AmpliTechAMPG
Instagram: @AmpliTechAMPG
Facebook: AmpliTechInc
Linked In: AmpliTech Group Inc
Investor Social Media
Twitter: @AMPG_IR
StockTwits: @AMPG_IR
Company Contact:
Jorge Flores
Tel: 631-521-7831
Investors@amplitechgroup.com
FAQ
What is the size and price of AmpliTech Group’s (AMPG) recent offering?
AmpliTech Group (AMPG) announced a $1.0 million registered direct offering, selling 1,369,488 shares of common stock at $0.7302 per share.
When is the expected closing date for AmpliTech Group’s (AMPG) offering?
The offering is expected to close on or about September 11, 2024, subject to customary closing conditions.
Who is the placement agent for AmpliTech Group’s (AMPG) offering?
Maxim Group is acting as the sole placement agent for AmpliTech Group’s (AMPG) registered direct offering.
What is the purpose of AmpliTech Group’s (AMPG) $1.0 million offering?
While not explicitly stated, the funds raised are likely to be used for general corporate purposes, potentially including working capital, research and development, or expansion of AmpliTech Group’s operations in signal processing and 5G/6G systems.
