Press Release – New York, New York – April 16, 2021 – Sichenzia Ross Ference LLP announced today 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 a registered direct offering of 2,715,000 shares of common stock priced at-the-market under Nasdaq rules. Additionally, the Company issued to the investors 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 in a concurrent private placement. The combined purchase price for one share of common stock with 70% warrant coverage was $8.48. The gross proceeds from the offering were $23.0 million.
Maxim Group LLC acted as the exclusive placement agent for the offering.
The Sichenzia Ross Ference LLP team was led by partners Gregory Sichenzia, Darrin M. Ocasio, Avital Perlman, Jeff Cahlon and associates Matthew Siracusa and Terra Melson.
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