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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 22, 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
3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On
May 22, 2024, AmpliTech Group, Inc. (the “Company”) received a notice (the “Notice”) 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 “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 Securities and Exchange Commission. In the Notice, Nasdaq provided the Company 60 days, or until July 22, 2024, to submit
a plan (the “Plan”), to regain compliance with the Listing Rule. If Nasdaq accepts the Company’s plan to regain compliance,
then Nasdaq may grant the Company up to 180 calendar days from the prescribed due date, or until November 18, 2024, to file its 10-Q
to regain compliance. The Notice has no immediate effect on the listing of the Company’s securities on Nasdaq.
The
Company continues to work diligently to complete its 10-Q and plans to file its 10-Q as promptly as practicable to regain compliance with the Listing Rule.
Item
8.01 Other Events.
On
May 24, 2024, the Company issued a press release in accordance with Nasdaq Listing Rule 5810(b) announcing that the Company had received
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 24, 2024 |
By: |
/s/
Fawad Maqbool |
|
Name: |
Fawad
Maqbool |
|
Title: |
Chief
Executive Officer |
Exhibit 99.1
AmpliTech
Announces Receipt of Notice from Nasdaq Regarding Late Filing of Quarterly Report on Form 10-Q
Hauppauge,
NY, May 24, 2024 - AmpliTech Group, Inc. (Nasdaq: AMPG, AMPGW), announced today that it received a notice of non-compliance from
the Nasdaq Stock Market on May 22, 2024 notifying the company that, as a result of its failure to timely file its Quarterly Report on
Form 10-Q for the period ended March 31, 2024, the company is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Rule”),
which requires listed companies to timely file all periodic financial reports with the U.S. Securities and Exchange Commission. This
notice has no immediate effect on the listing of AmpliTech on Nasdaq.
Under
Nasdaq’s listing rules, AmpliTech has 60 calendar days to submit a plan to regain compliance. If AmpliTech’s plan is accepted
by Nasdaq, the company can be granted up to 180 calendar days from the Form 10-Q due date, or until November 18, 2024, to regain compliance.
AmpliTech
is working diligently to complete its Form 10-Q and intends to file it as soon as practicable to regain compliance with the Rule. AmpliTech
anticipates that it will file the Form 10-Q prior to the date on which it is required to submit its plan to regain compliance; however,
if it is not filed by such date, the company will instead submit the plan.
About
AmpliTech
AmpliTech
is a leading designer, developer, manufacturer, and distributer of 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, the 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 it serves. AmpliTech
is proud of its team’s unique skills, experience and dedication, which enables the company 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
press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements
in this press release other than statements of historical fact may be deemed forward looking including, but not limited to, statements
regarding: the Company’s current business plans and objectives, including the pursuit of strategic alternatives to maximize stockholder
value. Words such as “plans,” “expects,” “will,” “anticipates,” “continue,”
“advance,” “believes,” “target,” “may,” “intend,” “could,” and
other words and terms of similar meaning and expression are intended to identify forward-looking statements, although not all forward-looking
statements contain such terms. Forward-looking statements are based on management’s current beliefs and assumptions that are subject
to risks and uncertainties and are not guarantees of future performance. For a discussion of other risks and uncertainties, and other
important factors, any of which could cause the Company’s actual results to differ from those contained in the forward-looking
statements, see the section titled “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December
31, 2023 filed with the Securities and Exchange Commission on April 1, 2024. All information in this press release is as of the date
of the release, and the Company undertakes no duty to update this information or to publicly announce the results of any revisions to
any of such statements to reflect future events or developments, except as required by law.
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Amplitech (NASDAQ:AMPGW)
過去 株価チャート
から 8 2024 まで 9 2024
Amplitech (NASDAQ:AMPGW)
過去 株価チャート
から 9 2023 まで 9 2024