|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||6.34 - 7.77|
|52 Week Range||6.00 - 19.80|
|Beta (5Y Monthly)||0.88|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 15, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
AmpliTech Group, Inc. (NASDAQ: AMPG) (the "Company"), a designer, developer, and manufacturer of custom and standard state-of-the-art RF components for Commercial, SATCOM, Space, Defense, and Military markets, today announced that it has entered into definitive agreements with certain institutional investors for the sale of an aggregate of 2,715,000 shares of common stock in a registered direct offering priced at-the-market under Nasdaq rules. Concurrently, the Company agreed to issue to the investors, in a private placement, warrants to purchase an aggregate of 1,900,500 shares of common stock at an exercise price of $8.48 per share with a five year term. The combined purchase price for one share of common stock and 0.70 warrants is $8.48. The aggregate gross proceeds to the Company are expected to be approximately $23.0 million, before deducting placement agent's fees and expenses of the offering payable by the Company. The offering is expected to close on or about April 16, 2021, subject to satisfaction of customary closing conditions.
AmpliTech Group, Inc. (Nasdaq: AMPG, AMPGW) (the "Company"), a designer, developer, and manufacturer of custom and standard state-of-the-art RF components for Commercial, SATCOM, 5G, Quantum Computing, Space, Defense, and Military markets, announced today it received a developmental order from Amplify My Probe, Ltd, for a special cryogenic probe head used to facilitate the study of materials, molecules, and drugs for the treatment of diseases, among many other applications.
Amplitech Group, Inc., an expert in the field of designing, developing, and manufacturing of custom and standard state-of-the-art RF components for Commercial, SATCOM, 5G, Quantum Computing, Space, Defense, and Military markets, announced the receipt of a ~$120,000 trial order for its ultra-low noise amplifiers from a major Fortune 200 Defense contractor today. It is an opportunity for Amplitech to show its capabilities and is a step in the right direction for the company.