AmpliTech Group announces unit rights offering

AmpliTech Group (AMPG) intends to offer to its shareholders and certain warrantholders a dividend in the form of a transferable unit subscription right to participate in the unit rights offering. AmpliTech has an effective Form S-3 base prospectus from which it intends to offer these securities registered with the Securities and Exchange Commission for a proposed rights offering in which it plans to distribute to stockholders and certain warrantholders two transferable Unit Rights to purchase up to the maximum of 8,000,000 units at $4.00 per unit. Each unit will consist of one share of common stock and two short-term rights to purchase additional Common Shares. AmpliTech intends to use the net proceeds of the rights offering to scale domestic manufacturing and operations; advance R&D and product commercialization; deepen vertical integration and supply-chain resilience; engage in strategic partnerships; and support corporate growth initiatives; and for working capital and general corporate purposes. The Company recommends that current shareholders and certain warrantholders notify their broker or financial advisor about the upcoming rights offering to ensure their ability to participate.