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AmpliTech Group Announces Authorization of Up to $10 Million Stock Buyback Program and Terminates At-The-Market (ATM) Equity Offering

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  • AmpliTech Group Inc. authorized a stock repurchase program to buy up to $10 million of its common stock over the next 24 months.
  • The company simultaneously terminated its At-The-Market (ATM) equity offering program effective immediately.
  • Repurchases may occur via open market, private transactions, block trades, or Rule 10b5-1 plans at the company's discretion.
  • The program does not mandate a specific share quantity or timeline & may be suspended or discontinued at any time.
  • Funding for the repurchases will come from the company's existing cash on hand.
  • The ATM termination reflects confidence in the company's strong balance sheet, zero debt, & sufficient resources to fund growth without new equity issuance.
  • AmpliTech designs RF microwave components 5G systems, & quantum computing LNAs for satellite, defense, 6G, & space applications.