AmpliTech raises ~$5.8M in registered direct offering of 1.87M shares at $3.10

AmpliTech Group, Inc.

Sold 1,871,000 shares at $3.10/share to three institutional investors; gross proceeds approx $5.8M.
Closing expected Dec 27, 2024; Maxim Group LLC receives 7% placement fee plus up to $30K expenses.
Directors and executive officers subject to 45-day lock-up on selling Company stock from closing.
Company also restricted from issuing equity or filing registration statements for 45 days post-closing.
Prior investors from Nov/Dec 2024 waived their 45-day prohibitions to allow this offering.

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