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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 OR 15(d) of
the
Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): November 25, 2024
AmpliTech
Group, Inc.
(Exact
name of registrant as specified in our charter)
Nevada |
|
001-40069 |
|
27-4566352 |
(State
or Other Jurisdiction
of
Incorporation) |
|
(Commission
File
Number) |
|
(IRS
Employer
Identification
No.) |
155
Plant Avenue,
Hauppauge,
NY |
|
11788 |
(Address
of Principal Executive Offices) |
|
(Zip
Code) |
(631)
521-7831
(Registrant’s
telephone number, including area code)
Not
Applicable
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (see General Instruction A.2. below):
☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
Common
Stock, par value $0.001 per share |
|
AMPG |
|
The
Nasdaq Stock Market LLC |
Warrants
to Purchase Common Stock |
|
AMPGW |
|
The
Nasdaq Stock Market LLC |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
7.01 Regulation FD Disclosure.
On
November 25, 2024, AmpliTech Group, Inc. (the “Company”) issued a press release announcing the pricing of a $1.4 million
registered direct offering, priced at-the-market, for an aggregate of 1,603,259 shares of common stock (or pre-funded warrants in lieu
thereof) at an offering price of $0.92 per share. The full text of the press release is furnished as Exhibit 99.1 to this Current Report
on Form 8-K.
The
information reported under Item 7.01 in this Current Report on Form 8-K, including Exhibit 99.1, is being “furnished” and
shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)
or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities
Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.
Item
9.01 Financial Statement and Exhibits.
(d)
Exhibits
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on our behalf by
the undersigned hereunto duly authorized.
|
AmpliTech
Group, Inc. |
|
|
|
|
By: |
/s/ Fawad
Maqbool |
|
|
Fawad
Maqbool |
|
|
Chief
Executive Officer |
|
|
|
Dated:
November 25, 2024 |
|
|
Exhibit
99.1
AmpliTech
Group Announces Pricing of $1.4 Million Registered Direct Offering, Priced At-The-Market
HAUPPAUGE,
N.Y., Nov. 25, 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 1,603,259
shares of common stock (or pre-funded warrants in lieu thereof) (the Securities”) at an offering price of $0.92 per share, in a
registered direct offering, priced at-the-market using the 5 day average closing price under Nasdaq rules.
The
gross proceeds to the Company from the registered direct offering are estimated to be approximately $1.4 million before deducting the
placement agent’s fees and other estimated offering expenses. The offering is expected to close on or about November 26, 2024,
subject to the satisfaction of customary closing conditions.
Maxim
Group LLC is acting as the sole placement agent in connection with the offering.
The
Securities 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 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 Securities 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
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