AmpliTech Group, Inc. (AMPG): debt financing — AmpliTech enters $8M asset purchase for 5G ORAN radio products, secures $750K credit line

AmpliTech Group, Inc.

Revolving credit line of $750K secured; requires $814,635 minimum deposit in demand deposit account.
Asset purchase agreement for 5G ORAN radio IP from Titan Crest: $8M total ($3M cash + $5M restricted shares).
Closing conditioned on receipt of initial Telus purchase order and assurance of $2.5M cash and $2.5M stock due at that point.
Remaining $500K cash due Dec 5, 2025; $2.5M stock upon IP transfer. Seller non-compete for 10 years.
Transition services for up to 2 employees at fee not exceeding $430K.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

AmpliTech Group, Inc. incurred revolving credit of up to $750,000 with Dime Community Bank at Wall Street Journal Prime Rate plus 1.000%, minimum 6.250%.

Instrument: revolving credit
Principal: up to $750,000
Counterparty: Dime Community Bank
Rate: Wall Street Journal Prime Rate plus 1.000%, minimum 6.250%
Event: incurrence

Exact text from the filing

On March 25, 2025, AmpliTech Group, Inc., a Nevada corporation (the “Company”), entered into a Bank Loan Agreement (the “Loan Agreement”) with Dime Community Bank (the “Bank”) for a revolving line of credit for up to $750,000 (the “Revolving Line of Credit”).

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AmpliTech Group, Inc. filing history →

Source: SEC EDGAR

accession 0001641172-25-001724

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