KULR Announces Proposed Public Offering of Common Stock
December 19 2023 - 4:30PM
KULR Technology Group, Inc. (NYSE American: KULR)
(the "Company" or "KULR"), a global leader in sustainable energy
management, today announced that it intends to offer and sell
shares of its common stock in an underwritten public offering. All
of the shares of common stock in the underwritten public offering
are to be sold by the Company. The Company also expects to grant
the underwriters a 30-day option to purchase up to an additional
15% of the number of shares of common stock offered in the public
offering solely to cover over-allotments, if any. The offering is
subject to market conditions, and there can be no assurance as to
whether or when the offering may be completed, or as to the actual
size or terms of the offering.
The Company intends to use the net proceeds from the proposed
offering to pay off certain amounts of the outstanding balance owed
under its existing financing facility, as well as for working
capital and general corporate purposes.
R.F. Lafferty & Co., Inc. is acting as the sole book-running
manager for the offering.
The securities will be offered and sold pursuant to a shelf
registration statement on Form S-3 (File No. 333-257697), including
a base prospectus, filed with the U.S. Securities and Exchange
Commission (the “SEC”) on July 6, 2021, and declared effective on
July 13, 2021. The offering will be made only by means of a written
prospectus. A preliminary prospectus supplement and accompanying
prospectus describing the terms of the offering has been or will be
filed with the SEC on its website at www.sec.gov. Copies of the
preliminary prospectus supplement and the accompanying prospectus
relating to the offering may also be obtained from the offices of
R.F. Lafferty & Co., Inc., 40 Wall Street, 27th floor, New
York, NY 10005, by email offerings@rflafferty.com, or by calling
212-293-9090. Before investing in this offering, interested parties
should read in their entirety the preliminary prospectus supplement
and the accompanying prospectus and the other documents that the
Company has filed with the SEC that are incorporated by reference
in such preliminary prospectus supplement and the accompanying
prospectus, which provide more information about the Company and
such offering.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About KULR Technology Group, Inc.KULR
Technology Group Inc. (NYSE American: KULR) is a leading energy
management platform company offering proven solutions that play a
critical role in accelerating the electrification of the circular
economy. Leveraging a foundation in developing, manufacturing, and
licensing next-generation carbon fiber thermal management
technologies for batteries and electronic systems, KULR has evolved
its holistic suite of products and services to enable its customers
across disciplines to operate with efficiency and sustainability in
mind. For more information, please
visit www.kulrtechnology.com.
Safe Harbor Statement This press release
does not constitute an offer to sell or a solicitation of offers to
buy any securities of any entity. This release contains certain
forward-looking statements based on our current expectations,
forecasts and assumptions that involve risks and uncertainties.
Forward-looking statements in this release are based on information
available to us as of the date hereof. Our actual results may
differ materially from those stated or implied in such
forward-looking statements, due to risks and uncertainties
associated with our business, which include the risk factors
disclosed in our Form 10-K filed with the Securities and Exchange
Commission on March 28, 2023. Forward-looking statements include
statements regarding our expectations, beliefs, intentions, or
strategies regarding the future and can be identified by
forward-looking words such as “anticipate,” “believe,” “could,”
“estimate,” “expect,” “intend,” “may,” “should,” and “would” or
similar words. All forecasts are provided by management in this
release are based on information available at this time and
management expects that internal projections and expectations may
change over time. In addition, the forecasts are entirely on
management’s best estimate of our future financial performance
given our current contracts, current backlog of opportunities and
conversations with new and existing customers about our products
and services. We assume no obligation to update the information
included in this press release, whether as a result of new
information, future events or
otherwise. Investor Relations:KULR
Technology Group, Inc.Phone: 858-866-8478 x 847Email:
ir@kulrtechnology.com
Media Relations:Further PREmail:
press@furtherpr.com
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