Amplitech Group Inc (AMPG)

[OBrien]

8k out with acquisition details ...

“The total consideration shall be $2,050,000, plus the value of SMW’s inventory on hand on the day prior to the closing, as determined by an independent valuation. It will be financed through a combination of $650,000, plus the amount, if any, of the value of the inventory in excess of $125,000, in cash, and vendor issued promissory notes of up to an aggregate of $1,525,000 (the “Notes”). The Notes will have a five-year term and will incur 6% annual interest rate, and may be repaid prior to maturity with no prepayment penalties.”