AmpliTech amends Titan Crest asset deal, cuts price to $7 million after delivery delays
On August 6, 2026, AmpliTech entered into Amendment No. 2 to its asset purchase agreement with Titan Crest, LLC and an affiliate. The company said Titan's substantial delinquency in delivering products delayed its development work, including documentation for 5G ORAN radio products. The amendment lowers the purchase price from $8 million to $7 million, and the remaining $2 million is payable only after the design package is transferred and the manufacturing partner confirms it is suitable for full production.
Key points
- Amendment No. 2 dated August 6, 2026 amends the asset purchase agreement dated March 26, 2025, as amended April 15, 2025.
- Aggregate purchase price reduced from $8,000,000 to $7,000,000.
- Remaining $2,000,000 to be paid as $1,000,000 in cash and $1,000,000 in restricted common stock, priced on the 30-trading-day VWAP before the Transfer.
- Titan was released from most remaining covenants and indemnities, which the affiliate assumed; the company did not waive pre-amendment claims against Titan or the affiliate.
The filing
Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 12, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.