AmpliTech Group, Inc. Amends Asset Purchase Agreement; Purchase Price Cut

What Happened
AmpliTech Group, Inc. announced on August 12, 2026 (Amendment dated August 6, 2026) that it entered into Amendment No. 2 to the Asset Purchase Agreement with Titan Crest, LLC and an affiliate. The amendment responds to Titan’s substantial delays in delivering product documentation and drawing packages for AmpliTech’s 5G ORAN radio products and modifies the financial and contractual terms of the prior Titan APA (originally dated March 26, 2025, amended April 15, 2025).

Key Details

• The aggregate purchase price under the Titan APA was reduced from $8,000,000 to $7,000,000.
• The remaining unpaid purchase price of $2,000,000 is payable only upon transfer of the fully developed 5G ORAN radio design package and manufacturer acceptance: $1,000,000 in cash and $1,000,000 in AmpliTech restricted common stock, priced using the 30‑day VWAP preceding the Transfer.
• Titan was released from substantially all remaining covenants and indemnification obligations under the Titan APA; the Affiliate assumed those obligations.
• AmpliTech preserved any rights or claims it may have against Titan or the Affiliate arising prior to the date of the Amendment.

Why It Matters
The amendment lowers the total purchase consideration by $1 million and converts part of the contingent payment into AmpliTech stock, making a portion of the payout equity‑based and contingent on delivery and manufacturer confirmation. Payments are now tied to the successful Transfer and third‑party manufacturing acceptance, which directly links completion of the asset transfer to future cash and stock issuance. The contractual shift of obligations from Titan to the Affiliate changes who is responsible for remaining obligations and potential indemnities, while AmpliTech expressly retained pre‑Amendment claims.