Amplitech Group Inc. (AMPG) announced that its board of directors has authorized a stock repurchase program of up to $10 million.

At the same time, the company has decided to terminate its previously announced at-the-market (ATM) equity financing plan. This move marks a significant shift in the company's capital allocation strategy. The implementation of a share repurchase program is typically viewed as a signal of management's confidence in the company's future prospects and current share price, with the aim of enhancing shareholder value. Terminating the ATM financing suggests that the company may no longer be seeking to raise additional capital through the continuous issuance of new shares at this time. The company stated that the repurchase program will be conducted at its discretion based on market conditions, share price, regulatory requirements, and other factors, either in the open market or through privately negotiated transactions. The program does not have a specified end date and may be suspended or terminated at any time.