AmpliTech Group to acquire Spectrum Semiconductor Materials

AmpliTech Group has executed a definitive agreement to acquire the assets and operations of Spectrum Semiconductor Materials Inc., a specialty distributor of semiconductor components. The purchase price is $8.0M in cash plus $1.5M in escrow and restricted stock.

“The transaction is expected to close within our fiscal year 2021, subject to the satisfaction of certain closing conditions.”sec.gov

• 3 sources
• sec.govampg_ex991.htmNov 19, 2021
• ng.investing.comAmpliTech to More Than Triple Revenue Base with Spectrum Semiconductor Acquisition By Investing.comNov 19, 2021
• globenewswire.com(CORRECTION) AmpliTech Completes Acquisition of SpectrumAmplitech Group Inc.Dec 16, 2021

Summarized from public sources; check the original articles before acting on it.