{"url_path":"/sec/ampg/8-k/2026-06-22/item-8-01","section_key":"item-8-01","section_title":"Item 8.01 Other Events.**","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-22","source_url":"https://www.sec.gov/Archives/edgar/data/1518461/0001493152-26-029585-index.html","accession_number":"0001493152-26-029585","cik":"0001518461","ticker":"AMPG","issuer_name":"AmpliTech Group, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1518461/0001493152-26-029585-index.html","primary_entity_key":"0001518461","primary_entity_name":"AmpliTech Group, Inc."},"word_count":726,"has_tables":true,"body_markdown":"**Item\n8.01 Other Events.**\n\n** **\n\nAs\npreviously reported in its Form 10-Q for the quarter ended March 31, 2024, the Company made several transactions in digital currency\nin the total amount of approximately $3.25 million. In connection with the transactions, the Company believes that it was fraudulently\ninduced to hold its digital currency with a custodian whom the Company believed to be valid but no longer exists. As a result of the\ndigital currency transactions, the Company was a victim of a cyber phishing scam that defrauded the Company and recorded a complete loss\nfrom the investment in digital assets of approximately $3,200,000.\n\n \n\nIn\nresponse to the digital currency incident, the Company’s Board of Directors formed a special committee consisting of independent\ndirectors who engaged outside counsel to conduct an extensive internal and external investigation. As a result of the special committee\ninvestigation, management identified material weaknesses in the Company’s internal controls over financial reporting and adopted\nbroader corrective actions and governance and internal control enhancements, including requiring dual authorization on all ACH payments\nand bank wires and appropriate approval hierarchy, including Board special committee approval on material transactions and agreements\nor any investment of Company funds over a threshold amount. Following the investigation, the Company also determined that the digital\ncurrency loss resulted from an isolated incident, and it did not identify any evidence that any current or former director, officer,\nor employee personally benefitted from, participated in, or knowingly facilitated the fraudulent scheme.\n\n \n\nIn\naddition, as previously reported, the Company received a letter dated October 31, 2024, from a securities class action law firm representing\na single shareholder (“Shareholder”) demanding that the Company’s Board of Directors take action against current and/or\nformer officers and directors of the Company at the time of the digital currency transactions asserting violations of fiduciary duties\nof good faith, loyalty and due care in connection with the digital currency investment. With the assistance of outside counsel, the special\ncommittee reviewed the letter and prepared a response thereto. Through their respective law firms, the Company and Shareholder then exchanged\ncorrespondence, and, until recently, the last of which occurred on February 12, 2025. The underlying events discussed in the correspondence\nwere previously disclosed in the Company’s SEC filings beginning in May 2024.\n\n \n\nIn\nJune 2026, more than two years after the digital currency investment loss was investigated and reported, and the above-described remedial\nmeasures undertaken, the Company received follow-up correspondence from the Shareholder’s law firm indicting that the Shareholder\nintends to file a derivative complaint in District Court Washoe County, Nevada against the Company, the then directors, and certain of\nits current officers (collectively “Individual Defendants”) and attached a draft complaint. The threatened claims relate\nto the same above-described digital currency events previously investigated, disclosed, and remediated by the Company in 2024. In the\ndraft complaint, the Shareholder alleges that the Individual Defendants breached their fiduciary duties, abused their control, and engaged\nin other alleged related misconduct in connection with the digital currency investment. The draft complaint also seeks various forms\nof monetary and equitable relief, including restitution, attorney’s fees, and corporate governance demands. The draft complaint\ncontains allegations only. No lawsuit has been filed, no court has ruled on the merits of any claim, and the Company disputes both the\nallegations and legal conclusions contained in the draft complaint.\n\n \n\nAt\nthis time and based on current information, the Company and the Individual Defendants intend to vigorously defend themselves if the draft\ncomplaint is filed in Nevada, as they believe the threatened lawsuit is without legal or factual merit. The Company also does not believe\nbased on current information that this proposed lawsuit will have material adverse effect on its business, operations or financial condition.\nNo assurance can be given, however, that additional causes of action may be brought when or if the actual complaint is filed or that\nnew or additional facts may arise that may change the Company’s view on the proposed complaint. Because no complaint has been filed,\nthe Company cannot predict the ultimate outcome or timing of any litigation.\n\n \n\n2\n\n \n\n \n\n**SIGNATURES**\n\n \n\nPursuant\nto the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on our behalf by\nthe undersigned hereunto duly authorized.\n\n \n\n \n**AmpliTech\nGroup, Inc.**\n\n \n \n \n\n \nBy:\n*/s/\nFawad Maqbool*\n\n \n \nFawad Maqbool\n\n \n \nChief Executive Officer\n\n \n \n \n\nDated:\nJune 22, 2026\n \n \n\n \n\n3"}