KULR Announces Closing of $1.035 Million All-Common Stock Public Offering, Including Full Exercise of Over-Allotment Option
December 22 2023 - 10:30AM
KULR Technology Group, Inc. (NYSE American: KULR)
(the "Company" or "KULR"), a global leader in sustainable energy
management, today announced the closing of its $1.035 million
underwritten public offering of 5,175,000 shares of its common
stock, including 675,000 shares of its common stock issued pursuant
to the full exercise by the underwriter of its over-allotment
option. The public offering price, before the underwriter’s
discount and commissions, for each share of common stock was $0.20.
All of the securities in the underwritten public offering were sold
by the Company.
KULR will use a portion of the net proceeds from
this offering to repay certain amount owed to Yorkville and for
general corporate and working capital purposes.
R.F. Lafferty & Co., Inc. is acting as the
sole book-running manager for the offering.
The securities were 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 was made only by means of
a written prospectus. A preliminary prospectus supplement and
accompanying prospectus describing the terms of the offering has
been filed with the SEC on its website at www.sec.gov. A copy of
the final prospectus supplement and accompanying prospectus
relating to the offering has been filed with the SEC and
may be obtained for free on the SEC's website located
at http://www.sec.gov. Electronic copies of the final
prospectus supplement and 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.
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 StatementThis 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 Annual Report on Form 10-K filed with the
Securities and Exchange Commission on March 28, 2023, as may be
amended or supplemented by other reports we file with the
Securities and Exchange Commission from time to time.
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. Except as required
by law, 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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