AmpliTech authorizes $10M share buyback, ends ATM offering

AmpliTech Group, Inc. has authorized a stock repurchase program allowing the company to buy back up to $10 million of its outstanding common stock over the next 24 months. The decision underscores the company's confidence in its long-term growth and follows record revenue and a growing order book. The program will be funded using existing cash on hand.

In conjunction with the buyback authorization, AmpliTech Group immediately terminated its At-The-Market (ATM) equity offering program. The company stated that its current balance sheet, characterized by a strong cash position, improved working capital, and no debt, provides adequate resources to fund growth initiatives without additional equity issuance.

Founder and Chief Executive Officer Fawad Maqbool highlighted that the share repurchase reinforces a commitment to disciplined capital allocation. He pointed to the company's robust capital position as a key enabler for returning excess capital to stockholders while supporting ongoing operations.

Repurchase Program Details

The repurchase program permits the company to acquire shares through open market purchases, privately negotiated transactions, block trades, or other compliant methods. Transactions will adhere to federal securities laws, including Rule 10b-18 under the Securities Exchange Act of 1934. Additionally, the company may establish a trading plan under Rule 10b5-1 to facilitate repurchases during insider trading blackout periods.

The timing, price, and volume of repurchases remain at the company's discretion, subject to market conditions and regulatory requirements. The program does not obligate the company to purchase a specific number of shares and may be suspended or discontinued at any time without notice.

Program Feature	Details
Total Authorization	$10 million
Duration	24 months
Funding Source	Existing cash on hand
Termination Status	ATM equity offering terminated immediately

AmpliTech Group, Inc. has appointed Asif Hussain and Manish Jindal as senior business development representatives to support its expanding 5G Open RAN commercial strategy. The executives bring over 50 years of combined experience in the telecom industry, with deep expertise in 5G infrastructure, carrier-grade network deployments, and strategic customer engagement with Tier 1 mobile network operators. This strategic addition is aimed at scaling AmpliTech's 5G Open RAN portfolio across North American and international markets.

The appointments reflect AmpliTech's continued investment in building the commercial infrastructure necessary to scale its product offerings. The company's portfolio includes its O-RAN certified 64T64R Massive MIMO radio unit, private 5G solutions, fixed wireless access systems, and 5G Network in a Box family. AmpliTech is the only American company to have designed and commercialized an O-RAN CAT B 64T64R Massive MIMO radio unit.

Fawad Maqbool, Founder, Chairman, President, and CEO of AmpliTech Group, stated that the company is at an inflection point. He emphasized that with certified technology and active deployments, AmpliTech is moving from technical readiness to commercial execution. Maqbool noted that Hussain and Jindal bring the carrier-level relationships and market credibility required to convert qualified pipeline into booked revenue.

Executive Profiles

Asif Hussain joins AmpliTech with over 20 years of experience in telecom sales and business development. He previously held senior sales and account leadership positions at Nokia, managing multimillion-dollar services engagements with major Tier 1 communications service providers. His expertise spans 5G, cloud, core networks, IP/optical infrastructure, managed services, and private network solutions. Hussain holds a Bachelor of Electrical Engineering from the University of Engineering & Technology and is a Professional Scrum Master (PSM).

Manish Jindal brings over 30 years of experience in the communications industry. He retired from Charter Communications, where he led next-generation wireless research and development, including 5G and fixed wireless broadband initiatives. Before Charter, he served as VP and Head of Technology Strategy for Ericsson North America. Jindal also held senior roles at Nokia Networks, including CTO for the Sprint account. He holds a B.S. in Computer Science from Birla Institute of Technology and a master's in Computer Science and Telecommunications from the University of Missouri.

Executive	Previous Role	Experience	Key Expertise
Asif Hussain	Nokia	20+ years	5G, cloud, core networks, managed services
Manish Jindal	Charter Communications	30+ years	5G R&D, fixed wireless, spectrum strategy