AcquisitionsAug 12, 2026, 04:11 PM
AmpliTech reduces Titan APA price to $7M due to delivery delays
AI Summary
AmpliTech Group, Inc. amended its Asset Purchase Agreement with Titan Crest, LLC, reducing the aggregate purchase price from $8 million to $7 million. This change was prompted by Titan's significant delays in product delivery, which hindered AmpliTech's 5G ORAN radio product development. The remaining $2 million purchase price will now be settled with $1 million in cash and $1 million in restricted common stock, contingent on the transfer of the complete design package.
Key Highlights
- AmpliTech Group amended its Asset Purchase Agreement with Titan Crest, LLC on August 6, 2026.
- The aggregate purchase price was decreased from $8,000,000 to $7,000,000.
- The amendment was due to Titan's substantial delinquency in delivering products, causing development delays.
- The remaining unpaid purchase price of $2,000,000 will be paid as $1,000,000 in cash.
- The remaining $1,000,000 will be paid in AmpliTech's restricted common stock.
- Payment is contingent on the transfer of the fully developed 5G ORAN radio technology design package.
- Titan was released from most covenants and indemnification obligations, which were assumed by its Affiliate.
Price Impact
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