AmpliTech Group, Inc. announced that its Board of Directors has authorized a new stock repurchase program to acquire up to $10 million of its outstanding common stock over 24 months. Coinciding with this announcement, the company has terminated its Equity Distribution Agreement with Maxim Group LLC.
Key Details
- Buyback Authorization: The company is authorized to repurchase up to $10 million of its common stock.
- Program Timeline: The repurchase program has a duration of 24 months, starting July 7, 2026.
- Agreement Termination: The Equity Distribution Agreement with Maxim Group LLC, dated March 21, 2025, was terminated effective immediately on July 7, 2026.