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Sichenzia Ross Ference LLP Represents AmpliTech Group, Inc. in Nasdaq Uplisting and $11 Million Upsized Public Offering

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Press Release – New York, NY – February 24, 2021 – Sichenzia Ross Ference LLP today announced that it represented AmpliTech Group, Inc. (NASDAQ: AMPG), a designer, developer, and manufacturer of custom and standard state-of-the-art RF components for Commercial, SATCOM, Space, Defense, and Military markets, in an underwritten public offering of 1,577,142 units at a price of $7.00 per unit, bringing the gross proceeds to approximately $11 million. Each unit issued in the offering consisted of one share of common stock and one warrant to purchase one share of common stock at an exercise price of $7.00.

Maxim Group LLC acted as sole bookrunner for the offering.

The offering was conducted pursuant to the Company’s registration statement on Form S-1 (File No. 333-251260), as amended, previously filed with and subsequently declared effective on February 16, 2021 by the Securities and Exchange Commission, and a related registration statement filed pursuant to Rule 462(b) under the Securities Act of 1933, as amended.

The Sichenzia Ross Ference LLP team was led by partners Gregory Sichenzia, Avital Perlman, and Jeffrey Cahlon and associate Matthew Siracusa.

Sichenzia Ross Ference Carmel LLP