AmpliTech Group prices 2.23M units at $4.055 in registered direct offering

AmpliTech Group (AMPG) entered into securities purchase agreements with certain institutional investors to purchase 2,230,000 Units at an offering price of $4.055 per Unit, in a registered direct offering. Each Unit consisted of one share of common stock, one Series A right to purchase one share of common stock at $5.00, and one Series B right to purchase one share of common stock at $6.00. The gross proceeds to the Company from the registered direct offering are estimated to be approximately $9,042,650 million before deducting the placement agent’s fees and other estimated offering expenses. The offering is expected to close on or about January 27, subject to the satisfaction of customary closing conditions. Moody Capital Solutions, Inc. is acting as the sole placement agent in connection with the offering.