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SAN DIEGO, CA – KULR Technology Group, Inc. (NYSE American: KULR) announced on Thursday an expansion of its common stock offering from $50 million to $100 million. The company, specializing in electronic components and accessories, filed a prospectus supplement under an existing Sales Agreement with Craig-Hallum Capital Group LLC.
The increase in the offering amount allows KULR to issue an additional $50 million of its common stock, par value $0.0001 per share. This move follows the sale of approximately $96 million worth of common stock under the same agreement. The expansion is detailed in the company's latest 8-K filing with the Securities and Exchange Commission (SEC).
KULR Technology Group, a Delaware corporation with headquarters in San Diego, California, has been actively working with Craig-Hallum Capital Group since the original Sales Agreement dated July 3, 2024, which was later amended on December 26, 2024.
The legal opinion regarding the legality of the newly available shares of common stock, as covered by the current prospectus supplement, has been included in the filing as Exhibit 5.1. This document is part of the formal process of increasing the offering cap and is standard for such financial activities.
The company's stock, listed on the NYSE American exchange under the ticker KULR, may see investor reaction to this news in upcoming trading sessions. KULR Technology Group's SEC filing provides the source for this information, ensuring transparency and regulatory compliance in its reporting.
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