AMPG on Nasdaq

AmpliTech Group, Inc.

AmpliTech Group, Inc. is an American communications equipment company based in Hauppauge.1 Its shares trade on Nasdaq under the symbol AMPG.1

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Last updated Oct 21, 2026.

Overview

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  • TickerAMPG on Nasdaq1
  • IndustryCommunications Equipment, NEC1
  • HeadquartersHauppauge, New York1
  • Incorporated inNV2
  • Business address155 Plant Avenue, Hauppauge, Ny 117882
  • Filer categoryNon-accelerated filer, Smaller reporting company2
  • Legal formCorporation

Group MMIC Design Center (“AGMDC”) and AmpliTech Group True G Speed Services (“AGTGSS”).3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

23.9%Gross margin4
-29.1%Operating margin4
-27.8%Net margin4
165.0%Revenue growth, 20254
-21.3%Return on equity4
-$9.7MFree cash flow4

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Manufacturing And Engineering brought in 67% of the revenue AmpliTech Group, Inc. broke down this way in fiscal 2025.

  1. Manufacturing And Engineering$17.0M467%up 371% from 2024
  2. Distribution$8.2M433%up 39% from 2024
Business segments by year
Business segments20242025
Manufacturing And Engineering$3.6M$17.0M
Distribution$5.9M$8.2M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue59¢$19.2M
  • Research and development8¢$2.7M
  • Selling, general and admin33¢$10.7M
  • Income tax0¢$13.0K

Out of $25.2M in revenue.4 The company lost money this year.

Financial statements

Revenue567894$25.2M in 2025+707% since 2019
0$10.0M$20.0M$30.0M2019: $3.1M$3.1M20192020: $3.5M$3.5M2020+11%2021: $5.3M$5.3M2021+53%2022: $19.4M$19.4M2022+268%2023: $15.6M$15.6M2023−20%2024: $9.5M$9.5M2024−39%2025: $25.2M$25.2M2025+165%
Gross profit567894$6.0M in 2025+285% since 2019
0$2.5M$5.0M$7.5M$10.0M2019: $1.6M$1.6M20192020: $1.3M$1.3M2020−20%2021: $1.3M$1.3M2021+3%2022: $8.9M$8.9M2022+590%2023: $7.3M$7.3M2023−18%2024: $3.5M$3.5M2024−52%2025: $6.0M$6.0M2025+73%
Operating income56894-$7.3M in 2025
-$10.0M-$7.5M-$5.0M-$2.5M0$2.5M2019: $82.0K$82.0K20192020: -$915.9K-$915.9K20202021: -$5.1M-$5.1M2021+457%2022: $151.0K$151.0K20222023: -$2.6M-$2.6M20232024: -$8.4M-$8.4M2024+227%2025: -$7.3M-$7.3M2025−13%
Net income567894-$7.0M in 2025
-$15.0M-$10.0M-$5.0M0$5.0M2019: $5.9K$5.9K20192020: -$1.0M-$1.0M20202021: -$4.8M-$4.8M2021+364%2022: -$677.1K-$677.1K2022−86%2023: -$2.5M-$2.5M2023+264%2024: -$11.2M-$11.2M2024+356%2025: -$7.0M-$7.0M2025−38%

Every line of the income statement as filed: the last 2 fiscal years, latest first.4

Period ending2025-12-312024-12-31
Revenues$25.2M$9.5M
Cost of Goods Sold$19.2M$6.0M
Gross Profit$6.0M$3.5M
Selling, general and administrative$10.7M$7.9M
Impairment of intangible assets$467.9K
Research and development$2.7M$3.6M
Total Operating Expenses$13.3M$11.9M
Loss From Operations-$7.3M-$8.4M
Loss on investment in digital assets-$3.2M
Other income$129.4K$716.9K
Realized gain on investments$36.0K$26.7K
Interest income (expense), net$160.3K-$292.2K
Total Other Income (Expense)$325.7K-$2.8M
Net Loss Before Income Taxes-$7.0M-$11.2M
Provision For Income Taxes$13.0K$15.0K
Net Loss-$7.0M-$11.2M
Net Loss Per Share - Basic-$0.33-$1.04
Net Loss Per Share - Diluted-$0.33-$1.04
Weighted Average Common Shares Outstanding - Basic21.0M shares10.8M shares
Weighted Average Common Shares Outstanding - Diluted21.0M shares10.8M shares

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Corporate structure

AmpliTech Group, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of AmpliTech Group, Inc.

  • AmpliTech Group, Inc. Hauppauge, New York

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What AmpliTech Group, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$5.0M4 Dec 31, 2025$4.0M4 Dec 31, 2024+26.3%
Accumulated depreciation$2.1M4 Dec 31, 2025$1.7M4 Dec 31, 2024+24.0%
Property and equipment, net$2.9M4 Dec 31, 2025$2.3M4 Dec 31, 2024+28.0%
Operating-lease assets (leased space)$3.9M4 Dec 31, 2025$4.4M4 Dec 31, 2024−12.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$5.0M4 Dec 31, 2025$19.3M4 Dec 31, 2024−74.2%
Long-term investments$348.2K4 Dec 31, 2025$348.2K4 Dec 31, 20240%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$4.7M4 Dec 31, 2025$4.7M4 Dec 31, 20240%
Intangible assets, net (excluding goodwill)$13.1M4 Dec 31, 2025$2.4M4 Dec 31, 2024+455.5%
Indefinite-lived intangibles (excluding goodwill)$514.3K4 Dec 31, 2025
Finite-lived intangibles, gross$13.8M4 Dec 31, 2025
Accumulated amortization$1.2M4 Dec 31, 2025$326.8K9 Dec 31, 2024+269.7%
Finite-lived intangibles, net$12.6M4 Dec 31, 2025$1.9M9 Dec 31, 2024+582.1%

Inventory

ItemLatestA year beforeChange
Inventory, total$8.9M4 Dec 31, 2025$7.6M4 Dec 31, 2024+17.4%
Raw materials$1.6M4 Dec 31, 2025$1.3M4 Dec 31, 2024+25.6%
Work in process$298.7K4 Dec 31, 2025$190.8K4 Dec 31, 2024+56.5%
Finished goods$7.9M4 Dec 31, 2025$7.2M4 Dec 31, 2024+10.0%

Properties, in its own words

On December 15, 2021, the Company assumed the SSM lease agreement of approximately 11,500 square feet of office and warehouse space in San Jose, CA, with the same terms and conditions. Effective February 1, 2020, the lease term was originally intended to expire on January 31, 2025, with a base rent of $24,234 for the first 12 months and increases by approximately 3% every year. On September 6, 2024, the lease was amended extending the lease term to March 31, 2030 while maintaining the base rent of $24,234 and 3% increases for each year thereafter.

Since April 1, 2022, our principal executive office consisting of approximately 20,000 square feet has been located at 155 Plant Avenue, Hauppauge, NY. The property at this location is leased by the Company at a monthly rental expense of $28,854 for a term of seven years and two months. The yearly base rent of $346,248 shall increase at a rate of 2.75% per year to begin on the first anniversary of the lease commencement date and each year thereafter. In the event the landlord decides to sell the property, the Company shall have the right of first offer to purchase subject property. Our wholly owned subsidiary, AmpliTech, Inc., and the Company’s divisions, Specialty Microwave and AGTGSS, also operate out of our principal executive office. This property is used for administrative offices and for manufacturing.

The rest of Item 2

On January 15, 2024, the Company entered a triple net lease agreement for a 1,900 square foot facility in Allen, Texas for a term of five years and one month. The yearly base rent of $53,675 shall increase at a rate of 2.5% per year to begin on the first anniversary lease commencement date and each year thereafter. The first month’s rent shall be abated following the commencement lease date. Upon lease execution, the Company paid two months of rent as a security deposit and one month’s rent totaling $17,999. The Company moved into the new facility on August 1, 2024.

As of December 31, 2025, all the facilities described above were in good operating condition, well maintained and in regular use. We believe that our existing facilities are sufficient to meet our operational needs for the foreseeable future.

Item 2 of the 10-K filed Mar 26, 2026.3

Leadership

Who has led AmpliTech Group, Inc., and when. Pick a name to see everywhere that person has worked.

Chief financial officer

  1. Louisa Sanfratello2020–now

Chief operating officer

  1. Jorge Luis Flores2022–now
201520202025
Board members and other officers (6)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • DirectorAndrew Lee named May 7, 202522

Former names

  • BAYVIEW ACQUISITION CORPApr 19, 2011 to Jul 20, 20122

Timeline

  1. Aug 17, 20268-K Regulation FD disclosure23
  2. Aug 13, 20268-K Results of operations24
  3. Aug 12, 20268-K Entered a material agreement25
  4. Jul 22, 20268-K Other events26
  5. Jul 8, 20268-K Ended a material agreement; Other events27
  6. Jun 22, 20268-K Other events28
  7. May 13, 20268-K Results of operations29
  8. Mar 16, 20268-K Executive or director change30
  9. Feb 2, 20268-K Entered a material agreement; Executive or director change; Regulation FD disclosure31
  10. Jan 26, 20268-K Regulation FD disclosure32
  11. Jan 26, 20268-K Entered a material agreement; Executive or director change33
  12. Jan 12, 20268-K Other events34
  13. Dec 30, 2014New chief executive Fawad Maqbool becomes CEO13

Calendar

Coming up

  1. Nov 13, 2026Reports results for the quarter ending Sep/202635

When it reported results

  1. Aug 13, 2026Reported quarterly or annual results24
  2. May 13, 2026Reported quarterly or annual results29
  3. Jan 5, 2026Reported quarterly or annual results36
  4. Aug 14, 2025Reported quarterly or annual results37
  5. Jul 17, 2025Reported quarterly or annual results38
  6. Mar 24, 2025Reported quarterly or annual results39
  7. Aug 14, 2024Reported quarterly or annual results40
  8. May 16, 2024Reported quarterly or annual results41

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

231 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 64 major events, 73 insider forms, 8 large holders, 1 private raises, 64 other. The latest 20:

  1. Oct 13, 2026DEFA14A EDGAR
  2. Oct 13, 2026DEF 14A EDGAR
  3. Oct 7, 2026SCHEDULE 13G EDGAR
  4. Oct 6, 2026SCHEDULE 13G EDGAR
  5. Aug 21, 20264 EDGAR
  6. Aug 17, 20268-K EDGAR
  7. Aug 14, 2026SCHEDULE 13G EDGAR
  8. Aug 13, 20268-K EDGAR
  9. Aug 13, 202610-Q EDGAR
  10. Aug 12, 20268-K EDGAR
  11. Jul 24, 20264 EDGAR
  12. Jul 24, 20264 EDGAR
  13. Jul 24, 20264 EDGAR
  14. Jul 22, 20268-K EDGAR
  15. Jul 20, 202625-NSE EDGAR
  16. Jul 8, 20268-K EDGAR
  17. Jun 24, 20264 EDGAR
  18. Jun 24, 20264 EDGAR
  19. Jun 23, 2026144 EDGAR
  20. Jun 23, 2026144 EDGAR

The 231 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

30 open-market trades by officers, directors and large owners since October 2021: 25 buys and 5 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 20, 2026Maqbool FawadChief Executive OfficerBuy12,247$3.48$42.7KForm 4
Jun 23, 2026Mazziota Daniel RichardDirectorSale10,000$7.71$77.1KForm 4
Jun 22, 2026Mazziota Daniel RichardDirectorSale7,157$8.46$60.5KForm 4
Jun 1, 2026Flores Jorge LuisChief Operating OfficerSale30,000$5.36$160.8KForm 4
May 28, 2026Sanfratello LouisaChief Financial OfficerSale50,000$4.80$240.0KForm 4
May 22, 2026Mazziota Daniel RichardDirectorSale10,000$4.95$49.5KForm 4
Dec 18, 2025Modi ShaileshDirectorBuy2,000$2.90$5.8KForm 4
Jun 20, 2025Mazziota Daniel RichardDirectorBuy7,157$2.00$14.3KForm 4
Apr 8, 2025Mazziota Daniel RichardDirectorBuy5,000$1.39$7.0KForm 4
Oct 7, 2024Flores Jorge LuisChief Operating OfficerBuy5,000$0.75$3.8KForm 4
Aug 30, 2024Maqbool FawadChief Executive OfficerBuy8,000$0.73$5.8KForm 4
Aug 21, 2024Flores Jorge LuisChief Operating OfficerBuy5,500$0.94$5.2KForm 4
Aug 20, 2024Flores Jorge LuisChief Operating OfficerBuy500$0.94$470Form 4
Jun 3, 2024Maqbool FawadChief Executive OfficerBuy5,860$1.18$6.9KForm 4
Sep 29, 2022Mazziota Daniel RichardDirectorBuy5,000$1.75$8.8KForm 4
Sep 19, 2022Mazziota Daniel RichardDirectorBuy5,000$1.99$9.9KForm 4
Jun 15, 2022Flores Jorge LuisChief Operating OfficerBuy5,000$1.78$8.9KForm 4
May 24, 2022Maqbool FawadChief Executive OfficerBuy5,000$1.92$9.6KForm 4
Apr 26, 2022Mazziota Daniel RichardDirectorBuy5,000$2.56$12.8KForm 4
Apr 18, 2022Mazziota Daniel RichardDirectorBuy4,100$2.73$11.2KForm 4

All 30 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Fawad Maqbool65$498.1K$858.1K48
2025Louisa Sanfratello61$273.9K$511.4K48
2025Jorge Flores59$272.9K$510.4K48
2024ChairmanPresident, Chief Executive Officer and Chief Technical Officer$446.2K48
2024Chief Financial Officer$245.4K48
2024Chief Operating Officer$245.4K48

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$1.5M 2025–2025
Money received by yearMoney received by year, 2025–2025: $1.5M in all. Private raises (Form D) $1.5M.$0$500K$1M$1.5M2025 · Private raises (Form D): $1.5M2025
Figures by year
YearPrivate raises (Form D)Total
2025$1.5M$1.5M

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Apr 24, 2025Raised $1.5 million in a private offering of equity22 Form D: $4 million offered in all Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 64. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Bard Associates Inc1,477,265$10.3M2.3%−119,930
Vanguard Capital Management LLC956,466$6.7M0.0%+151,030
BlackRock, Inc.522,988$3.6M0.0%+414,855
Landscape Capital Management, L.l.c.449,510$3.1M0.2%+404,556
Geode Capital Management, LLC246,066$1.7M0.0%+3,340
Dimensional Fund Advisors LP185,421$1.3M0.0%−30,127
Jane Street Group, LLC136,606$950.8K0.0%New
Informed Momentum Co LLC134,625$937.0K0.1%New
Vanguard Fiduciary Trust Co130,447$907.9K0.0%+19,190
Simplex Trading, LLC123,874$862.2K0.0%New
State Street Corp113,468$789.7K0.0%+24,300
PFG Investments, LLC110,600$769.8K0.0%New
National Bank Of Canada /fi/106,900$744.0K0.0%New
Bridgeway Capital Management, LLC105,849$736.7K0.0%No change
Two Sigma Investments, LP92,032$640.5K0.0%+42,993
Sei Investments Co79,747$555.0K0.0%New
Integrated Wealth Concepts LLC70,735$492.3K0.0%−354,075
UBS Group AG68,838$479.1K0.0%+42,675
Essex Investment Management Co LLC60,526$421.3K0.1%−27,314
IMC-Chicago, LLC51,561$358.9K0.0%New
Northern Trust Corp49,178$342.3K0.0%+2,611
XTX Topco Ltd48,043$334.4K0.0%+4,810
LPL Financial LLC37,000$257.5K0.0%+6,290
Citigroup Inc35,192$244.9K0.0%+34,618
Caitong International Asset Management Co., Ltd32,475$226.0K0.0%New

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How AmpliTech Group, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARAmpliTech Group, Inc.1
  • CIK0001518461
  • Employer ID (EIN)27-45663523
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; a shell company3
  • Incorporated inNevada3
  • Fiscal year endsDecember 311
  • Industry code (SIC)3669 Communications Equipment, NEC1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address155 Plant Avenue, Hauppauge, NY 117881
  • Phone631-521-78311
  • Shares outstanding30,043,887 as of Aug 11, 202611
  • Public float$37.3M as of Jun 30, 20253
  • AuditorSadler, Gibb & Associates, LLC, Draper, UT PCAOB ID 3627; it also attests to the company’s internal control over financial reporting3
  • On EDGAR sinceApr 19, 20111
  • Filings404 in all: 8-K (87), 4 (84), 10-Q (46), UPLOAD (16), 10-K (15), CORRESP (15), 144 (11), 424B5 (11)1
    All 46 form types

    EFFECT (10), 3 (9), NT 10-Q (8), 424B3 (5), DEF 14A (5), DEFA14A (5), S-3 (5), SC 13D (5), DEF 14C (4), PRE 14C (4), S-1/A (4), SCHEDULE 13G (4), 10-K/A (3), D (3), NT 10-K (3), POS AM (3), S-3/A (3), S-8 (3), SC 13G (3), 10-12G/A (2), 25-NSE (2), 8-A12B (2), 8-K/A (2), CERT (2), DEL AM (2), FWP (2), S-1 (2), SC 13D/A (2), SC 13G/A (2), SCHEDULE 13G/A (2), 10-12G (1), 10-Q/A (1), 4/A (1), 424B4 (1), DEFR14A (1), PRER14C (1), S-1MEF (1), SD (1)

  • Latest filingsAnnual report (10-K) Mar 26, 2026
    Quarterly report (10-Q) Aug 13, 2026
    Proxy statement (DEF 14A) Oct 13, 2026
    Latest 8-K (8-K) Aug 17, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $0.001 par value per shareAMPGNasdaq
Series A Right to purchase one share of common stockAMPGRNasdaq
Series B Right to purchase one share of common stockAMPGZNasdaq

From the cover page of the 10-K filed Mar 26, 2026 (Section 12(b) of the Exchange Act).3

Risk factors and legal proceedings

The risks AmpliTech Group, Inc. names in Item 1A of its 10-K filed Mar 26, 2026: 45 risks under these headings, as written.3

  • Risks Relating to our Business
  • Our revenue, earnings, margins and other operating results have fluctuated significantly in the past and may fluctuate significantly in the future.
  • There is no assurance that the Second Milestone of Asset Purchase Agreement will be achieved or that we will realize the anticipated benefits.
  • We have entered into non-binding letter of intent for purchase orders and there is no assurance that we will enter into definitive purchase orders or generate revenues as expected.
  • Significant Dependence on Single Customer.
  • The Company is dependent on the global supply chain and may experience supply chain constraints, as well as increased costs on components and shipping.
  • Our market is very competitive. If we fail to compete successfully, our business and operating results will suffer.
  • Global economic uncertainty and financial market volatility caused by political instability, changes in international trade relationships and conflicts, such as the conflict in the Middle East or the conflict between Russia and Ukraine, could make it more difficult for us to access financing and could adversely affect our business and operations.
  • Changes in US trade policy, including the imposition of tariffs and the resulting consequences, may have a material adverse impact on our business and results of operations.
  • Economic conditions may adversely impact our business, operating results and financial condition.
  • Breaches of network or information technology security, natural disasters or terrorist attacks could have an adverse effect on our business
  • Changes in our product mix could cause our overall gross margin to decline, which may adversely affect our operating results and financial condition.
The other 34 risks
  • Our products must meet exact technical and quality specifications. Defects, errors in or interoperability issues with our products or the failure of our products to operate as expected could affect our reputation, result in significant costs for us and impair our ability to sell our products.
  • We may face claims of intellectual property infringement, which could be time-consuming, costly to defend or settle and result in the loss of significant rights.
  • We may incur substantial costs enforcing or acquiring intellectual property rights and defending against third-party claims because of litigation or other proceedings.
  • If we are unable to obtain patent protection for our products or otherwise protect our intellectual property rights, our business could suffer.
  • Confidentiality agreements with employees and third parties may not prevent unauthorized disclosure of trade secrets and other proprietary information, and our inability to maintain the confidentiality of that information, due to unauthorized disclosure or use, or other events, could have a material adverse effect on our business.
  • We are subject to order and shipment uncertainties. Inaccuracies in our estimates of customer demand and product mix could negatively affect our inventory levels, sales and operating results.
  • Our sales and marketing efforts may be unsuccessful in maintaining and expanding existing sales channels, developing new sales channels and increasing the sales of our products.
  • Our business would be adversely affected by the departure of members of our executive management team.
  • If we are unable to attract, train and retain qualified personnel, especially our design and technical personnel, we may not be able to effectively execute our business strategy.
  • We have material weaknesses in our internal accounting control over financial reporting and failure to remediate a material weakness in internal accounting controls could result in material misstatements in our financial statements.
  • If we fail to implement proper and effective internal controls, our ability to produce accurate financial statements would be impaired, which could adversely affect our operating results, our ability to operate our business and our stock price.
  • We may need to raise additional capital, which may not be available on favorable terms, if at all, and which may cause dilution to holders of our common stock, restrict our operations or adversely affect our ability to operate our business.
  • Breaches of network or information technology security, natural disasters or terrorist attacks could have an adverse effect on our business.
  • The unfavorable outcome of any future litigation or administrative action could negatively impact us.
  • Non-compliance with, or changes in, the legal and regulatory environment in the countries in which we operate could increase our costs or reduce our net operating revenues.
  • Acquisitions may lead us to additional risks.
  • We and/or certain of our current and former officers and directors, may face litigation and legal proceedings which could adversely affect our business, financial condition, results of operations or cash flows.
  • Risks Relating to our common stock and our Series Rights
  • If our business developments and achievements do not meet the expectations of investors or securities analysts or for other reasons the expected benefits do not occur, the market price of shares of our common stock and Series Rights traded on Nasdaq may decline.
  • The price of shares of our common stock has fluctuated substantially and the price of our common stock could decline at a time when you want to sell your holdings.
  • Future sales or perceived sales of our common stock could depress our stock price.
  • Our common stock may be affected by limited trading volume and price fluctuations, which could adversely impact the value of our common stock.
  • Provisions in our articles of incorporation and bylaws could discourage a change in control, or an acquisition of us by a third party, even if the acquisition would be favorable to you, thereby adversely affecting existing stockholders.
  • The ability of Fawad Maqbool, our Chairman, to sell his stake in us and speculation about any such sale may adversely affect the market price of our common stock.
  • Because Fawad Maqbool, our Chairman controls a significant number of shares of our voting capital stock, he could influence actions requiring stockholder approval.
  • Because we do not intend to pay cash dividends on our shares of common stock, any returns will be limited to the value of our shares.
  • You may experience future dilution because of future equity offerings and other issuances of our common stock or other securities. In addition, future equity offerings and other issuances of our common stock or other securities may adversely affect our common stock price.
  • There can be no assurance that we will be able to comply with the continued listing standards of the Nasdaq Capital Market, a failure which could result in the de-listing of our common stock and Series Rights.
  • We may have material developments during the exercise period of the Series Rights.
  • The Series Rights are speculative in nature.
  • Holders of the Series Rights issued in this offering will have no rights as holders of common stock until they exercise their Series Rights and acquire the common stock.
  • The market price of common stock may never exceed the exercise price of the Series Rights.
  • During the period immediately following the expiration dates for the Series Rights, holder may not be able to resell any shares of common stock that holder acquires upon exercise of its Series Rights.
  • Because holder of Series Rights may not revoke or change its exercise of the Series Rights, holder could be committed to buying shares above the prevailing market price at the time this offering is completed.
  • Because the Series Rights are executory contracts, they may have no value in bankruptcy or reorganization proceeding.

Legal proceedings

There are no pending legal proceedings to which we are a party or of which any of our property is the subject. From time to time, we may become involved in various lawsuits and legal proceedings which arise in the ordinary course of business. Litigations are subject to inherent uncertainties and an adverse result in these, or other matters may arise from time to time and harm our business.

The opening of Item 3, Legal Proceedings.3

Sources

The numbers on this page point here. Each one links to the record it came from.

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  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
    SEC EDGAROther events
  27. 27
  28. 28
    SEC EDGAROther events
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
    SEC EDGAROther events
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48