AmpliTech Secures $9M for Domestic 5G and Satellite Expansion, Reaffirms $50M Revenue Target for 2026 Growth Phase

AmpliTech Group, Inc. (NASDAQ:AMPG, AMPGW))), a designer, developer, and manufacturer of state-of-the-art signal processing components for global communications infrastructure, including 5G/6G ORAN, satellite, and quantum computing systems, today announced the final results for its unit subscription rights offering.

The Company received approximately $9,072,816 in unit subscriptions consisting of 1,247,086 basic subscriptions and 1,021,118 over-subscriptions. Available units were allocated among those rights holders who exercised their over-subscription privilege based on the number of units each rights holder subscribed for in accordance with the procedures described in the prospectus, as amended to date, relating to the unit rights offering.

AmpliTech intends to use the net proceeds from the unit rights offering to scale domestic manufacturing and operations; advance R&D and product commercialization; deepen vertical integration and supply-chain resilience; engage in strategic partnerships; and support corporate growth initiatives; and for working capital and general corporate purposes.

After giving effect to the issuance of 2,268,204 shares of common stock in the unit rights offering, the Company will have 22,951,299 shares of common stock issued and outstanding. Moody Capital Solutions, Inc. acted as the dealer-manager for the unit rights offering.

AmpliTech has an effective Form S-3 base prospectus, as supplemented and amended, from which it offered the units registered with the Securities and Exchange Commission ("SEC"). The unit rights offering at $4 per unit consisted of one share of common stock and one series A right and one series B right, with each right to purchase an additional share of common stock. AmpliTech will use its best efforts to have the series A and series B rights listed on Nasdaq Capital Market, though it cannot guarantee such an outcome. The common stock forming a part of the units will be listed on the Nasdaq Capital Market. AmpliTech will hold the closing of the unit rights offering as soon as practicable.