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): July 26, 2024
AmpliTech Group, Inc.
(Exact name of registrant as specified in its charter)
| Nevada | | 001-40069 | | 27-4566352 |
(State or other jurisdiction of incorporation) | | (Commission File Number) | | (I.R.S. Employer Identification No.) |
155 Plant Avenue, Hauppauge, NY | | 11788 |
| (Address of principal executive offices) | | (Zip Code) |
Registrant’s telephone number, including area code: (631) 521-7831
Not Applicable
(Former name or former address, if changed since 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)) |
| Title of each class | | Trading Symbol | | 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 1.01 Entry into a Material Definitive Agreement.
On July 26, 2024, Amplitech Group Inc.’s (the “Company’s”) AGTGSS division entered into a Licensing Product Agreement with a leading radio contract manufacturing company (“Licensor”). Under the terms of the Agreement, the Licensor agreed to an exclusive United States distribution and global licensing rights for certain 5G telecom equipment for 18 months for the purpose of marketing, selling, renting, deployment, and maintenance of licensed products by the Company.
For these services, the Company will pay the Licensor certain software IP license fees in the amount of $1,250,000. In addition, the Licensor may provide certain product certification support for certain fees.
The foregoing description of the Agreement is qualified in its entirety by the full text of the Agreement, subject to the omission of certain information deemed to be (i) not material and (ii) would be competitively harmful if publicly disclosed, a copy of which is filed herewith as Exhibit 10.1 and which is incorporated herein by reference.
| Exhibit No. | | Description |
| | | |
| 10.1 | | Licensing Product Agreement |
| 104 | | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURE
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. |
| Dated: August 1, 2024 | | |
| | By: | /s/ Fawad Maqbool |
| | Name: | Fawad Maqbool |
| | Title: | Chief Executive Officer |
