AmpliTech Group Received Nasdaq Notification of Non-Compliance with Listing Rules 5550(a)(2)
AmpliTech Group (Nasdaq: AMPG, AMPGW), a designer and manufacturer of signal processing components for communications networks, has received a notice from Nasdaq indicating non-compliance with the minimum bid price requirement of $1.00 per share. The company's stock failed to meet this requirement for 30 consecutive business days from August 15 to September 26, 2024.
The notice provides AmpliTech with a 180-day compliance period, until March 26, 2025, to regain compliance. To do so, the company's common stock must close at $1.00 or above for a minimum of ten consecutive business days. If compliance is not achieved by the deadline, AmpliTech may be eligible for additional time or face potential delisting. The company plans to monitor its stock price and evaluate options to regain compliance within the specified period.
AmpliTech Group (Nasdaq: AMPG, AMPGW), un progettista e produttore di componenti per l'elaborazione dei segnali per reti di comunicazione, ha ricevuto una comunicazione da Nasdaq che indica la non conformità al requisito del prezzo minimo di offerta di $1,00 per azione. Il titolo della società non ha soddisfatto questo requisito per 30 giorni lavorativi consecutivi dal 15 agosto al 26 settembre 2024.
La comunicazione fornisce ad AmpliTech un periodo di conformità di 180 giorni, fino al 26 marzo 2025, per recuperare la conformità. Per farlo, le azioni ordinarie della società devono chiudere a $1,00 o più per un minimo di dieci giorni lavorativi consecutivi. Se la conformità non viene raggiunta entro la scadenza, AmpliTech potrebbe essere idonea a un tempo aggiuntivo o affrontare un potenziale declassamento. La società intende monitorare il prezzo delle proprie azioni e valutare opzioni per recuperare la conformità entro il periodo specificato.
AmpliTech Group (Nasdaq: AMPG, AMPGW), un diseñador y fabricante de componentes de procesamiento de señales para redes de comunicación, ha recibido un aviso de Nasdaq indicando no cumplimiento con el requisito de precio mínimo de oferta de $1.00 por acción. Las acciones de la compañía no cumplieron con este requisito durante 30 días hábiles consecutivos desde el 15 de agosto hasta el 26 de septiembre de 2024.
El aviso proporciona a AmpliTech un período de cumplimiento de 180 días, hasta el 26 de marzo de 2025, para recuperar la conformidad. Para hacerlo, las acciones ordinarias de la compañía deben cerrarse a $1.00 o más durante un mínimo de diez días hábiles consecutivos. Si no se logra el cumplimiento antes de la fecha límite, AmpliTech podría ser elegible para un tiempo adicional o enfrentar la posibilidad de ser excluida. La compañía planea monitorear el precio de sus acciones y evaluar opciones para recuperar la conformidad dentro del período especificado.
암플리테크 그룹(Nasdaq: AMPG, AMPGW)은 통신 네트워크용 신호 처리 구성 요소의 설계 및 제조업체로서 나스닥으로부터 통보를 받았습니다. 이는 주당 최소 입찰 가격 요건인 $1.00을 준수하지 못했음을 나타냅니다. 회사의 주가는 2024년 8월 15일부터 9월 26일까지 30 영업일 연속으로 이 요건을 충족하지 못했습니다.
통보는 암플리테크에게 180일의 준수 기간, 2025년 3월 26일까지 준수를 회복할 수 있는 기회를 제공합니다. 이를 위해 회사의 보통 주식은 최소 10일 연속으로 $1.00 이상으로 마감해야 합니다. 만약 마감일까지 준수가 이루어지지 않으면, 암플리테크는 추가 시간을 받을 수 있거나 상장 폐지될 수 있습니다. 회사는 주가를 모니터링하고 지정된 기간 내에 준수를 회복하기 위한 옵션을 평가할 계획입니다.
AmpliTech Group (Nasdaq: AMPG, AMPGW), un concepteur et fabricant de composants de traitement des signaux pour réseaux de communication, a reçu un avis de Nasdaq indiquant une non-conformité au critère de prix minimal d'offre de 1,00 $ par action. L'action de la société n'a pas satisfait à ce critère pendant 30 jours ouvrables consécutifs du 15 août au 26 septembre 2024.
L'avis fournit à AmpliTech une période de conformité de 180 jours, jusqu'au 26 mars 2025, pour retrouver la conformité. Pour ce faire, l'action ordinaire de la société doit clôturer à 1,00 $ ou plus pendant au moins dix jours ouvrables consécutifs. Si la conformité n'est pas atteinte d'ici la date limite, AmpliTech pourrait être éligible pour un temps supplémentaire ou faire face à une éventuelle radiation. La société prévoit de surveiller son prix d'action et d'évaluer les options pour retrouver la conformité dans le délai imparti.
AmpliTech Group (Nasdaq: AMPG, AMPGW), ein Hersteller und Designer von Signalverarbeitungskomponenten für Kommunikationsnetze, hat eine Mitteilung von Nasdaq erhalten, die auf die Nichteinhaltung der Mindestgebotsanforderung von 1,00 $ pro Aktie hinweist. Die Aktien des Unternehmens haben dieses Erfordernis 30 aufeinanderfolgende Geschäftstage vom 15. August bis zum 26. September 2024 nicht erfüllt.
Die Mitteilung gewährt AmpliTech eine 180-tägige Compliance-Phase, bis zum 26. März 2025, um die Konformität wiederherzustellen. Dazu muss die Stammaktie des Unternehmens für mindestens zehn aufeinanderfolgende Geschäftstage bei 1,00 $ oder darüber schließen. Wird die Konformität bis zur Frist nicht erreicht, könnte AmpliTech zusätzliche Zeit in Anspruch nehmen oder mit einer möglichen Delistung konfrontiert werden. Das Unternehmen plant, den Aktienkurs zu überwachen und Optionen zu bewerten, um die Konformität innerhalb des festgelegten Zeitrahmens wiederherzustellen.
- None.
- Received Nasdaq notification of non-compliance with minimum bid price requirement
- Stock price below $1.00 for 30 consecutive business days
- Risk of potential delisting if compliance is not regained by March 26, 2025
Insights
This notification from Nasdaq regarding AmpliTech Group's non-compliance with the minimum bid price requirement is a significant concern for investors. The company's stock price falling below
While AmpliTech has until March 26, 2025, to regain compliance, this situation creates uncertainty. The company may need to consider options like a reverse stock split, which could dilute shareholder value. The risk of delisting, if compliance isn't achieved, could lead to reduced investor interest and difficulty accessing capital markets.
However, it's important to note that many companies successfully regain compliance. AmpliTech's focus on 5G/6G systems and communications components positions it in growing markets, which could potentially drive stock price recovery if the company demonstrates strong operational performance.
Investors should closely monitor AmpliTech's financial results and any strategic initiatives announced to address this situation in the coming months.
Company Expects To Regain Compliance Within Specified Period
HAUPPAUGE, N.Y., Sept. 30, 2024 (GLOBE NEWSWIRE) -- AmpliTech Group, Inc. (Nasdaq: AMPG, AMPGW) (the “Company”), a designer, developer, and manufacturer of state-of-the-art signal processing components for satellite, Public and Private 5G, and other communications networks, including the design of complete 5G/6G systems and a global distributor of packages and lids for integrated circuits assembly, received a notice (the “Notice”) from The NASDAQ Stock Market LLC indicating that the Company is not in compliance with the minimum bid price requirement of
The Notice states that under the Listing Rules 5810(c)(3)(A), the Company is provided with a compliance period of 180 calendar days, or until March 26, 2025, to regain compliance under the Listing Rules. To regain compliance under the Listing Rules, the Company’s common stock must be at least
The Company intends to monitor the closing bid price of its common stock between now and March 26, 2025, and to evaluate its available options to regain compliance within the compliance period.
About AmpliTech Group
AmpliTech Group, Inc., comprising five divisions—AmpliTech Inc., Specialty Microwave, Spectrum Semiconductors Materials, AmpliTech Group Microwave Design Center, and AmpliTech Group True G Speed Services—is a leading designer, developer, manufacturer, and distributor of cutting-edge radio frequency (RF) microwave components and 5G network solutions. Serving global markets, including satellite communications, telecommunications (5G & IoT), space exploration, defense, and quantum computing, AmpliTech Group is committed to advancing technology and innovation.
Forward-Looking Statements
All statements in this release that are not based on historical fact are “forward-looking statements” including within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The information in this announcement may contain forward-looking statements and information related to, among other things, statements regarding the completion of the offering and the expected net proceeds of the offering, as well the Company, its business plan and strategy, and its industry. These statements reflect management’s current views with respect to future events based on information currently available and are subject to risks and uncertainties that could cause the Company’s actual results to differ materially from those contained in the forward-looking statements, including risks related to market conditions, and other risks described in the Company’s filings with the SEC. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. The Company does not undertake any obligation to revise or update these forward-looking statements to reflect events or circumstances after such date or to reflect the occurrence of unanticipated events.
Contacts:
Corporate Social Media
Twitter: @AmpliTechAMPG
Instagram: @AmpliTechAMPG
Facebook: AmpliTechInc
Linked In: AmpliTech Group Inc
Investor Social Media
Twitter: @AMPG_IR
StockTwits: @AMPG_IR
Company Contact:
Jorge Flores
Tel: 631-521-7831
Investors@amplitechgroup.com
FAQ
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