Monitor for any amendment converting this 13G to a 13D (activist filing) ahead of the November 20, 2026 exercise date. Cable Car Capital's track record includes event-driven/special-situations investing, so a shift to activism would be a material catalyst. Also track whether the rights are exercised in full, which would add ~5.7% dilution to existing common shareholders.
Price Chart
Executive Summary
Funicular Funds, LP, a hedge fund managed by Jacob Ma-Weaver of Cable Car Capital, disclosed a 5.4% passive beneficial ownership stake in AmpliTech Group, Inc., consisting of 1,714,394 Series B Rights exercisable into common shares on November 20, 2026. This is a new 13G filing (not an amendment) and the stake is held via derivative rights, not common stock. The filing is routine for a passive investor and carries no activist intent, but the fund's structure (Cable Car Capital is known for event-driven/special-situations investing) warrants monitoring for potential conversion to an activist 13D.
Key Financial Metrics
Key Facts
- Funicular Funds, LP filed a new Schedule 13G disclosing beneficial ownership of 1,714,394 Series B Rights, representing 5.4% of AmpliTech Group's common shares outstanding (based on 30,043,887 shares outstanding per the August 13, 2026 10-Q).
- Each Series B Right entitles the holder to purchase one share of common stock on November 20, 2026, which is within 60 days of the filing date.
- The filing is made jointly by Funicular Funds, LP, its general partner Cable Car Capital, LP, and Jacob Ma-Weaver (Managing Member of Cable Car Capital).
- The filer certifies the securities were not acquired with the purpose or effect of changing or influencing control of the issuer, consistent with passive intent.
- This is a new position — no prior 13G from Funicular Funds or Cable Car Capital for AmpliTech appears in the cross-filing context.
Financial Impact
5.4% stake via 1,714,394 Series B Rights; exercisable on November 20, 2026. No cash outlay disclosed for the rights acquisition.
Risk Factors
- Potential dilution of 5.4% if all Series B Rights are exercised on November 20, 2026.
- Risk of conversion to activist 13D if Cable Car Capital seeks board representation or strategic changes.
- Low liquidity in AMPG could amplify price impact of any large exercise or sale.
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G Filing (Primary) | 0002073679-26-000164 |
| Document: 0002073679-26-000164-index.html | 0002073679-26-000164 |
| Document: 0002073679-26-000164.txt | 0002073679-26-000164 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 13, 2026 14d ago | DEFA14A | $2.67 $2.65 | ▼ −0.75% | ▲ +0.40% | $2.80 (+4.68%) |
Oct 13, 2026 14d ago | DEF 14A | $2.67 $2.65 | ▲ +0.75% | ▼ −0.40% | $2.80 (−4.68%) |
Oct 7, 2026 19d ago | SC 13G | $2.82 $2.57 | ▼ −9.04% | ▼ −8.77% | $2.80 (−0.89%) |
Oct 6, 2026 20d ago | SC 13G | $2.96 $2.61 | ▼ −11.82% | ▼ −10.84% | $2.80 (−5.57%) |
Aug 27, 2026 8w ago | Press Release | $3.74 $3.42 | ▼ −8.56% | ▼ −8.82% | $2.80 (−25.27%) |
Aug 25, 2026 9w ago | Press Release | $3.62 $3.24 | ▼ −10.50% | ▼ −9.96% | $2.80 (−22.79%) |
Aug 17, 2026 10w ago | 8-K | $3.70 $3.45 | ▼ −6.76% | ▼ −5.57% | $2.80 (−24.46%) |
Aug 12, 2026 10w ago | 8-K | $5.99 $3.44 | ▲ +42.57% | ▲ +40.61% | $2.80 (+53.34%) |
Jul 22, 2026 13w ago | 8-K | $6.34 $4.91 | ▼ −22.56% | ▼ −23.03% | $2.80 (−55.91%) |
Jul 8, 2026 15w ago | 8-K | $6.58 $7.03 | ▲ +6.84% | ▲ +5.98% | $2.80 (−57.52%) |
US Market Status
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