AMPG Files For Shelf Registration To Replace Expired Identical Shelf Without Dilution, Reinforcing Financial Stability
HAUPPAUGE, N.Y., April 16, 2024 (GLOBE NEWSWIRE) — AmpliTech Group, Inc (Nasdaq:AMPG), a designer, developer, and manufacturer of state-of-the-art signal-processing components for satellite, 5G, and other communications networks, including the design of complete 5G/6G systems, and a global distributor of packages and lids for integrated circuit assembly, today announced it has filed with SEC a shelf registration statement on Form S-3 replacing the previous shelf registration which just expired. Once declared effective by the SEC, and If AMPG decides to raise capital in a future offering using the shelf registration statement, AMPG will describe the specific details of that future offering in a prospectus supplement that is filed with the SEC. However, AMPG is not selling any securities from the shelf registration statement at this time. The registration statement is meant to ensure continued financial flexibility without diluting shareholder value as the company affirms that it does not anticipate the need to dilute shareholder equity at current price levels. The shelf registration comes as a strategic move to maintain agility in capital markets and bolster the company’s ability to respond swiftly to potential future financing needs.