AmpliTech Group, Inc. announced on December 17, 2024, that it has entered into securities purchase agreements with institutional investors for a registered direct offering. The offering involves the purchase of 1,516,680 shares of common stock at an offering price of $2.10 per share.
The gross proceeds to the company from this registered direct offering are estimated to be approximately $3.1 million, before deducting placement agent's fees and other estimated offering expenses. The offering is expected to close on or about December 18, 2024, subject to customary closing conditions.
Maxim Group LLC is acting as the sole placement agent in connection with the offering. This capital raise is intended to provide AmpliTech with additional financial resources to advance its strategic objectives and expand its presence in key markets.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.