AmpliTech Group, Inc. has received subscriptions totaling approximately $21.9 million for its Series A Rights Offering, subject to final reconciliation and closing procedures. The company expects to issue approximately 4,384,163 shares of common stock upon completion of the final reconciliation process. Unexercised rights for this offering expired on July 18, 2026.

The company intends to use the net proceeds for general corporate purposes, including working capital, inventory, sales and marketing initiatives, and commercialization efforts. Capital will also be deployed toward innovation and acceleration of AI RAN and Open RAN wireless opportunities. If authorized by the Board, potential share repurchases may be executed.

AmpliTech has engaged Moody Capital Solutions, Inc. to act as dealer manager for the rights offering. The company stated it now has more cash on hand than ever before and no material financial debt.

Separately, the $6 subscription price Series B rights offering (NASDAQ: AMPGZ) remains open and expires on November 20, 2026. Information regarding the Series B offering, including the applicable prospectus, is available from the information agent, MacKenzie Partners.

AmpliTech Group has been approved for membership in the AI-RAN Alliance, a global industry consortium dedicated to integrating artificial intelligence into radio access network technology. The company, a designer and manufacturer of advanced radio frequency (RF) microwave components and 5G communication systems, aims to leverage its core competencies to support the alliance's mission. The AI-RAN market is projected to grow substantially, with estimates suggesting it will reach approximately $37.19 billion by 2035, driven by AI-enabled network intelligence.

Strategic Rationale

AI-RAN architectures demand high signal integrity, noise performance, and power efficiency from the radio front end. AmpliTech's ultra-low-noise amplifiers, proprietary MMIC designs, and 5G Open RAN radio systems are positioned to address these requirements. The company's membership complements its existing engagement with the Open RAN ecosystem, including its participation in the O-RAN ALLIANCE Global PlugFest Spring 2026 as the only 64T64R Massive MIMO radio among 31 participating companies. Additionally, AmpliTech served as the hardware platform in the world's first open-source Massive MIMO AI-RAN demonstration conducted in collaboration with prominent members of the AI industry and Northeastern University.

Executive Commentary

Fawad Maqbool, Founder, Chairman, President, and CEO of AmpliTech Group, emphasized the importance of the company's role in the AI-RAN ecosystem. "Our hardware sits at the layer where AI-RAN either works, or it doesn't," he said. Alex Jinsung Choi, Chair of the AI-RAN Alliance, welcomed AmpliTech, noting its expertise in RF technologies and Open RAN infrastructure aligns with the alliance's goal of driving AI-native network innovation.

Market Projections

Industry analysts forecast robust growth for the AI-RAN market. Precedence Research estimates the market will grow from approximately $2.96 billion in 2025 to approximately $37.19 billion by 2035, representing a compound annual growth rate of approximately 28.8%. Dell'Oro Group projects AI-RAN revenue will reach $35 billion by 2030, fueled by AI-enabled network intelligence across existing and next-generation infrastructure.

About AmpliTech Group

AmpliTech Group designs, develops, and manufactures advanced RF and microwave signal processing components and next-generation 5G infrastructure systems. Its product portfolio includes low noise amplifiers, cryogenic amplifiers, Massive MIMO O-RAN radio systems, and 5G Network-in-a-Box solutions. The company is the only American firm to have designed and commercialized an O-RAN CAT B 64T64R Massive MIMO radio unit.