IPO - KULR Technology Group, Inc.

Form Type: 424B5

Filing Date: 2025-01-24

Corporate Action: Ipo

Type: New

Accession Number: 000110465925006038

Filing Summary: KULR Technology Group, Inc. is filing a prospectus supplement to increase the aggregate offering amount by an additional $50,000,000 of its common stock via a Sales Agreement with Craig-Hallum Capital Group LLC, previously reporting $96 million from 86,139,394 shares sold under the same agreement. The company's common stock is traded on NYSE American under the symbol 'KULR'. Recent trading data shows the last sale price as of January 23, 2025, at $2.44 per share. The document notes a significant risk associated with the company's strategy to adopt bitcoin as its primary treasury reserve asset, declaring a total holder status of 510 bitcoins which were acquired for approximately $50 million. The prospectus details various risks involved, including market volatility related to bitcoin prices, potential classification as an 'investment company' under the Investment Company Act, and the overall impact of regulatory changes on bitcoin and digital assets.

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