secwatch.observer — SEC 8-K summary
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Issuer:     AmpliTech Group, Inc. (AMPG)
CIK:        0001518461
Form:       8-K
Filed at:   2024-07-29T23:59:59+00:00
Accession:  0001493152-24-029428
Event type: debt
Sentiment:  negative
Materiality: 0.60
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

AmpliTech secures $1.3M loan at 21.2% for working capital and 5G licensing
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- Loan of $1,300,000 with Altbanq Lending II LLC; origination fee of $26,000.
- 38 bi-weekly payments of $44,816 over 76 weeks; annual interest rate 21.2%.
- Secured by all company assets via UCC filing.
- Proceeds to be used for working capital and 5G licensing and certification fees.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1518461/000149315224029428/0001493152-24-029428-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1518461/000149315224029428/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-029428

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