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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d)
of
the Securities Exchange Act of 1934
Date
of Report (date of earliest event reported): May 29, 2024
AmpliTech
Group, Inc. |
(Exact
Name of Registrant as Specified in its Charter) |
Nevada |
|
001-40069 |
|
27-4566352 |
(State
of incorporation) |
|
(Commission
File Number) |
|
(IRS
Employer Identification No.) |
155
Plant Avenue
Hauppauge,
NY 11788
(Address
of principal executive offices)
(631)-521-7831
(Registrant’s
telephone number, including area code)
(Former
Name or former address if changed from last report.)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (see General Instruction A.2. below):
☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
Common
Stock, par value $0.001 per share |
|
AMPG |
|
The
Nasdaq Stock Market LLC |
Warrants
to Purchase Common Stock |
|
AMPGW |
|
The
Nasdaq Stock Market LLC |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
8.01 Other Events.
As previously reported on May 24, 2024, AmpliTech Group, Inc. (the “Company”) received a notice dated May 22, 2024, from the
Listing Qualifications Department (the “Staff”) of the Nasdaq Stock Market (“Nasdaq”), which indicated that, as
a result of the Company’s delay in filing its First Quarter Form 10-Q, the Company was not in compliance with Nasdaq Listing Rule
5250(c)(1) (the “Listing Rule”), which requires Nasdaq-listed companies to timely file all required periodic financial reports
with the SEC. On May 29, 2024, the Company received a notice (the “Notice”) from the Staff stating that based on the May 28,
2024 filing of the First Quarter Form 10-Q, the Company has regained compliance with the Listing Rule and the Staff has indicated that
the matter is now closed.
On May 30, 2024, the Company issued a press release in accordance with Nasdaq Listing Rule 5810(b) announcing
receipt of the Notice. A copy of the press release is attached hereto as Exhibit 99.1.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
|
AMPLITECH
GROUP INC. |
|
|
|
Date:
May 30, 2024 |
By: |
/s/
Fawad Maqbool |
|
Name: |
Fawad
Maqbool |
|
Title: |
Chief
Executive Officer |
Exhibit
99.1
AmpliTech
Announces Receipt of Notice from Nasdaq Regaining Compliance
Hauppauge,
NY, May 30, 2024 - AmpliTech Group, Inc. (Nasdaq: AMPG, AMPGW), 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 today that it received a notice from the Nasdaq Stock Market, stating
the Company has regained compliance with Nasdaq’s periodic filing requirement.
“I
have tremendous confidence in the company’s trajectory,” said Fawad Maqbool, CEO of AmpliTech Group. “With over two
decades of delivering unparalleled solutions to Fortune 500 companies, we are now poised to extend our impact to Fortune 50 companies,
catalyzing advancements in communications and connectivity that will enhance global quality of life.”
“Our
technology focuses on developing solutions for such problematic areas we all experience every day, such as True 5G ORAN Radios for cell
towers to eliminate dead zones and dropped or frozen Zoom calls, airline Wi-Fi, Artificial Intelligence (AI), Telemedicine, AR/VR, fully
automated vehicles, and Fixed Wireless Access (FWA) that will eventually make cable and fiber to the home obsolete,” Maqbool said.
“All of us at AmpliTech Group remain resolute in our commitment to delivering value to shareholders and propelling technology solutions
that shape the future of connectivity. AmpliTech Group is working diligently to continue to execute its strategy, inventory remains healthy,
business development prospects for our 5G Division AGTGSS are at an all-time high. Most importantly, recent events will not shift the
company’s management approach or impact future operations, which include numerous growth opportunities within the rapidly evolving
technology landscape, the management team remains resolved and focused on executing our growth strategy”.
About
AmpliTech Group
AmpliTech
Group, Inc. designs, develops, manufactures, and distributes state-of-the-art radio frequency (RF) microwave components for global satellite
communications, telecom (5G & IoT), space, defense, and quantum computing markets as well as systems and component design consulting
services. In December 2021, AmpliTech completed the purchase of the assets and operations of Spectrum Semiconductor Materials Inc. a
global specialty distributor of semiconductor components based in San Jose, CA. AmpliTech has a 13+ year track record of developing high
performance, custom solutions to meet the unique needs of some of the largest companies in the global industries we serve. We are proud
of our focused team’s unique skills, experience and dedication, which enables us to deliver superior solutions, faster time to
market, competitive pricing, excellent customer satisfaction and repeat business. For more information, visit: www.amplitechgroup.com
Forward-Looking
Statements
This
release contains statements that constitute forward-looking statements. These statements appear in several places in this release and
include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company,
its directors or its officers with respect to, among other things: (i) the Company’s ability to execute its business plan
as anticipated; (ii) trends affecting the Company’s financial condition or results of operations; (iii) the Company’s
growth strategy and operating strategy. The words “may” “would” “will” “expect” “estimate”
“anticipate” “believe” “intend” and similar expressions and variations thereof are intended to identify
forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance
and involve risks and uncertainties, many of which are beyond the Company’s ability to control, and that actual results may differ
materially from those projected in the forward-looking statements because of various factors. Other risks are identified and described
in more detail in the “Risk Factors” section of the Company’s filings with the SEC, which are available on our
website. We undertake no obligation to update, and we do not have a policy of updating or revising these forward-looking statements,
except as required by applicable law.
Contacts: |
Company
Contact: |
|
|
Corporate
Social Media |
Jorge
Flores |
Twitter:
@AmpliTechAMPG |
Investors@amplitechgroup.com |
Instagram:
@AmpliTechAMPG |
|
Facebook:
AmpliTechInc |
|
Linked
In: Amplitech Group Inc |
|
Investor
Social Media |
|
Twitter:
@AMPG_IR |
|
StockTwits:
@AMPG_IR |
|
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