AmpliTech Group’s $11 Million Upsized Public Offering

Sichenzia Ross Ference LLP represented AmpliTech Group in the offering. Harter Secrest & Emery LLP acted for the bookrunner.

AmpliTech Group, Inc. (NASDAQ: AMPG) executed 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.

The common stock and warrants started trading on the Nasdaq Capital Market, on February 17, 2021, under the symbols “AMPG” and “AMPGW,” respectively. 

Maxim Group LLC acted as sole bookrunner for the offering.

AmpliTech is a designer, developer, and manufacturer of custom and standard state-of-the-art RF components for Commercial, SATCOM, Space, Defense, and Military markets.

Maxim Group LLC, a leading full-service investment banking, securities and wealth management firm headquartered in New York, NY, provides a full array of financial services to a diverse range of corporate clients, institutional investors, and high net worth individuals. 

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

The HSE Securities and Capital Markets team for the transaction included Alexander R. McClean, Sarah H. Brennan, and Margaret K. Rhoda.

Involved fees earner: Sarah Brennan – Harter Secrest & Emery; Alexander McClean – Harter Secrest & Emery; Margaret Rhoda – Harter Secrest & Emery; Jeffrey Cahlon – Sichenzia Ross Ference; Avital Perlman – Sichenzia Ross Ference; Gregory Sichenzia – Sichenzia Ross Ference; Matthew Siracusa – Sichenzia Ross Ference;

Law Firms: Harter Secrest & Emery; Sichenzia Ross Ference;

Clients: AmpliTech Group; Maxim Group LLC;

Sonia Carcano

Author: Sonia Carcano