AmpliTech Group raises $3.2M via registered direct offering of 1.52M shares at $2.10/share

AmpliTech Group, Inc.

Sold 1,516,680 shares at $2.10 each to two institutional investors in a registered direct offering.
Gross proceeds expected ~$3.185M before deducting placement agent fees and offering expenses.
Maxim Group LLC acts as placement agent, receiving 7% of gross proceeds plus up to $30K expense reimbursement.
Directors and executive officers execute 45-day lock-up agreements restricting sale of company stock post-closing.
Closing expected December 18, 2024; net proceeds for general corporate purposes.

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