AmpliTech raises ~$1.0M through registered direct offering of 1.37M shares at $0.7302/share

AmpliTech Group, Inc.

Sold 1,369,488 shares of common stock at $0.7302 per share to a single institutional investor.
Gross proceeds approximately $1.0 million; closing expected September 11, 2024.
Maxim Group LLC acted as placement agent with a 6.5% fee plus up to $25,000 in expense reimbursement.
Directors and executive officers entered into 30-day lock-up agreements starting at closing.
Company agreed to a 30-day restriction on variable rate transactions after closing.

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