AmpliTech Group, Inc. announced on November 26, 2024, the closing of its previously announced registered direct offering. The offering involved the sale 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 aggregate gross proceeds to the company from this registered direct offering were approximately $1,475,000, before deducting placement agent's fees and other offering expenses. Maxim Group LLC acted as the sole placement agent for the offering.
This capital infusion provides AmpliTech Group with additional funds to support its ongoing business operations and strategic growth initiatives. The securities were offered pursuant to a shelf registration statement declared effective by the SEC on April 24, 2024.
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