AmpliTech Group Announces Pricing of $10.0 Million Registered Direct Offering
AmpliTech Group (AMPG) has announced a registered direct offering of 2,173,920 shares of common stock at $4.60 per share, aiming to raise approximately $10.0 million in gross proceeds. The offering, expected to close around December 31, 2024, is being conducted through securities purchase agreements with institutional investors. Maxim Group is serving as the sole placement agent.
The offering is being made pursuant to an effective shelf registration statement on Form S-3, which was declared effective by the SEC on April 24, 2024. The company, which specializes in signal processing components for satellite and 5G/6G communications networks, will use the proceeds after deducting placement agent fees and offering expenses.
AmpliTech Group (AMPG) ha annunciato un'offerta diretta registrata di 2.173.920 azioni di azioni ordinarie a $4,60 per azione, con l'obiettivo di raccogliere circa $10,0 milioni in proventi lordi. L'offerta, prevista per concludersi intorno al 31 dicembre 2024, è condotta tramite contratti di acquisto di titoli con investitori istituzionali. Maxim Group funge da unico agente di collocamento.
L'offerta è effettuata ai sensi di una dichiarazione di registrazione a scaffale efficace sul Modulo S-3, dichiarata efficace dalla SEC il 24 aprile 2024. L'azienda, specializzata nella componentistica per il processamento dei segnali per reti di comunicazione satellitare e 5G/6G, utilizzerà i proventi dopo aver dedotto le commissioni dell'agente di collocamento e le spese di offerta.
AmpliTech Group (AMPG) ha anunciado una oferta directa registrada de 2,173,920 acciones de acciones comunes a $4.60 por acción, con el objetivo de recaudar aproximadamente $10.0 millones en ingresos brutos. Se espera que la oferta se cierre alrededor del 31 de diciembre de 2024, y se llevará a cabo a través de acuerdos de compra de valores con inversores institucionales. Maxim Group actúa como agente de colocación único.
La oferta se realiza de acuerdo con una declaración de registro en estante efectiva en el Formulario S-3, que fue declarada efectiva por la SEC el 24 de abril de 2024. La compañía, que se especializa en componentes de procesamiento de señales para redes de comunicación por satélite y 5G/6G, utilizará los ingresos después de deducir las comisiones del agente de colocación y los gastos de oferta.
AmpliTech Group (AMPG)는 2,173,920주의 보통주를 $4.60에 직접 등록된 공모로 발표하여 약 $10.0 밀리언의 총 수익을 목표로 하고 있습니다. 이 공모는 2024년 12월 31일경에 마감될 것으로 예상되며, 기관 투자가와의 증권 구매 계약을 통해 진행됩니다. Maxim Group은 단독 매 placement 에이전트 역할을 하고 있습니다.
이 공모는 2024년 4월 24일 SEC에 의해 효력이 발생한 Form S-3의 효력 있는 선반 등록 명세서에 따라 이루어집니다. 이 회사는 위성 및 5G/6G 통신 네트워크를 위한 신호 처리 부품을 전문으로 하며, 공모 에이전트 수수료 및 공모 비용을 공제한 후 수익금을 사용할 것입니다.
AmpliTech Group (AMPG) a annoncé une offre directe enregistrée de 2.173.920 actions ordinaires au prix de 4,60 $ par action, dans le but de lever environ 10,0 millions $ en recettes brutes. L'offre, qui devrait se clôturer aux alentours du 31 décembre 2024, est réalisée via des contrats d'achat de titres avec des investisseurs institutionnels. Maxim Group agit en tant qu'agent de placement unique.
L'offre est réalisée conformément à une déclaration d'enregistrement par étagères efficace sur le formulaire S-3, déclarée efficace par la SEC le 24 avril 2024. L'entreprise, spécialisée dans les composants de traitement du signal pour les réseaux de communication par satellite et 5G/6G, utilisera les fonds après avoir déduit les frais de l'agent de placement et les frais d'offre.
AmpliTech Group (AMPG) hat ein registriertes Direktangebot von 2.173.920 Aktien zum Preis von 4,60 $ pro Aktie bekannt gegeben, mit dem Ziel, rund 10,0 Millionen $ Bruttoeinnahmen zu erzielen. Das Angebot, das voraussichtlich um den 31. Dezember 2024 abgeschlossen wird, erfolgt durch Wertpapierkaufverträge mit institutionellen Investoren. Maxim Group fungiert als alleiniger Platzierungsagent.
Das Angebot erfolgt gemäß einer wirksamen Regalscheinregistrierung auf Formular S-3, die am 24. April 2024 von der SEC für wirksam erklärt wurde. Das Unternehmen, das sich auf Signalverarbeitungskomponenten für Satelliten- und 5G/6G-Kommunikationsnetzwerke spezialisiert hat, wird die Einnahmen nach Abzug der Gebühren des Platzierungsagenten und der Angebotskosten verwenden.
- Secured $10.0 million in gross proceeds through institutional investors
- Strategic funding through registered direct offering minimizes market impact
- Established placement agent Maxim Group managing the offering
- Potential dilution for existing shareholders with 2,173,920 new shares
- Offering price of $4.60 may impact market price
- Additional expenses from placement agent fees will reduce net proceeds
Insights
The
The dilution impact from issuing 2,173,920 new shares warrants careful consideration. This offering will increase the outstanding share count by approximately
The shelf registration format provides flexibility for future capital raises, while the registered direct structure allows for efficient execution with qualified institutional buyers. The successful closing of this offering would significantly strengthen AmpliTech's balance sheet, potentially accelerating their development of next-generation signal processing components.
AmpliTech's strategic positioning in the signal processing component market for satellite and 5G/6G communications networks represents a critical niche in the evolving telecommunications infrastructure. The capital raise comes at a pivotal time when the industry is transitioning toward advanced 6G development, suggesting potential deployment of funds toward R&D and manufacturing capabilities expansion.
The company's dual focus on both traditional satellite communications and next-generation wireless networks provides diversified exposure to high-growth segments. Their integrated circuit assembly capabilities further complement their core offering, creating a vertically integrated solution for communications infrastructure development.
The timing of this offering, coinciding with global investments in communications infrastructure modernization, positions AmpliTech to capitalize on increasing demand for high-performance signal processing components. The successful execution of this offering could accelerate their market penetration in both public and private 5G network deployments.
HAUPPAUGE, N.Y., Dec. 30, 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 2,173,920 shares of common stock (the “Securities”) at an offering price of
The gross proceeds to the Company from the registered direct offering are estimated to be approximately
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 as 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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