Okay been long for awhile and need some help trying to figure out what is going on as it looks like about a 50% dilution. The shares have gone from a proposed 1 to 20 split with a total of 606,060 "units" to today's public offering of 1,371,428 units.
What is the deal with today's news release with warrants?
"public offering of 1,371,428 units at a price to the public of $7.00 per unit. Each unit issued in the offering consists of one share of common stock and one warrant to purchase one share of common stock at an exercise price of $7.00. The common stock and warrants are immediately separable and will be issued separately."
The FORM S-1/A filed Feb. 5, 2021 states:
"This is a firm commitment underwritten public offering of 606,060 units (the “Units”), based on an assumed public offering price of $13.20 per Unit, of AmpliTech Group, Inc., a Nevada corporation (the “Company”, “we”, “us”, “our”). Each Unit consists of one share of common stock, $0.001 par value per share, and one warrant (each, a “Warrant” and collectively, the “Warrants”) to purchase one share of common stock at an exercise price of $13.20 per share, constituting 100% of the price of each Unit sold in this offering based on an assumed public offering price of $13.20 per Unit. The Units have no stand-alone rights and will not be certificated or issued as stand-alone securities. The shares of common stock and the Warrants comprising the Units are immediately separable and will be issued separately in this offering. Each Warrant offered hereby is immediately exercisable on the date of issuance and will expire five years from the date of issuance."
