M&A - KULR Technology Group, Inc.

Form Type: 8-K

Filing Date: 2025-07-10

Corporate Action: Acquisition

Type: New

Accession Number: 000110465925066854

Filing Summary: On July 10, 2025, KULR Technology Group, Inc. reported the acquisition of approximately $10 million in bitcoin at a weighted average price of $108,884 per bitcoin. This acquisition aligns with KULR's strategy of using equity capital to acquire bitcoin in a manner perceived as beneficial to stockholders. The report noted that the year-to-date BTC Yield stands at 291.2%, reflecting the performance of KULR’s strategy in relation to its bitcoin holdings. KULR defined BTC Yield as the period-to-period percentage change of its bitcoin holdings in relation to the assumed diluted shares outstanding, stressing that this metric should not be seen as an operational or financial performance measure. The market value of KULR’s shares is influenced by various factors beyond its bitcoin holdings. Additionally, KULR has not paid dividends historically and this acquisition emphasizes its reliance on capital sources like external financing, potentially impacting future share issuances. The document further included disclosures related to the borrowing of $8 million under the Master Loan Agreement, which is secured by a substantial ratio of collateral backing, marking a significant advancement in the company's financial strategies.

Form Type: 8-K

Filing Date: 2025-06-09

Corporate Action: Acquisition

Type: New

Accession Number: 000110465925057631

Filing Summary: On June 9, 2025, KULR Technology Group, Inc. announced it has joined the 'Bitcoin for Corporations' initiative, aimed at enhancing Bitcoin’s institutional adoption. The company disclosed the acquisition of additional bitcoin valued at approximately $13.0 million, with a weighted average acquisition price of $107,861 per bitcoin, including fees and expenses. This acquisition has increased KULR's total holdings to 920 BTC, with an average purchase price now standing at $98,760 per bitcoin. Furthermore, KULR noted a year-to-date BTC Yield of 260%, indicating a positive performance metric related to its bitcoin holdings. The document elaborates on the BTC Yield as a Key Performance Indicator, which assesses the performance of KULR's strategy in acquiring bitcoin, although it clarifies that this measure has numerous limitations and should not be confused with traditional yield or investment returns. KULR emphasizes that past results do not guarantee future performance, and the metric should be used with an understanding of its restricted purpose.

Form Type: 8-K

Filing Date: 2025-05-20

Corporate Action: Acquisition

Type: New

Accession Number: 000110465925050769

Filing Summary: On May 20, 2025, KULR Technology Group, Inc. announced that it acquired additional bitcoin valued at approximately $9 million, with a weighted average price of $103,234 per bitcoin, including fees and expenses. This acquisition reflected a purchase of about 83.33 additional bitcoin. The Company's year-to-date BTC Yield, a key performance indicator, was reported at 220.2%. KULR utilizes BTC Yield to gauge the performance of its bitcoin acquisition strategy, asserting that it benefits stockholders. However, the KPI's limitations and the conditional aspects of its calculation were acknowledged, emphasizing that BTC Yield does not equate to traditional yield measures or guarantee future stock performance. KULR's recent financial activities, including issuing shares to fund bitcoin acquisitions, may affect the trading price of its common stock, which could fluctuate based on various factors aside from bitcoin holdings. KULR noted that historical dividends have not been paid and there are no implications regarding future dividend intentions.

Form Type: 8-K

Filing Date: 2025-05-06

Corporate Action: Acquisition

Type: New

Accession Number: 000110465925045044

Filing Summary: On May 6, 2025, KULR Technology Group, Inc. announced a conference call scheduled for May 15, 2025, to discuss the financial results for the first quarter ended March 31, 2025. A press release regarding these financial results will be issued prior to the call. Additionally, the Company disclosed the completion of aggregate acquisitions totaling approximately $4 million in bitcoin at a weighted average price of $94,261 per bitcoin, amounting to approximately 47.8 additional bitcoins. The press release is attached as Exhibit 99.1, and the Company reiterates its commitment to utilizing various platforms for public disclosures.

Form Type: 8-K

Filing Date: 2025-03-13

Corporate Action: Acquisition

Type: New

Accession Number: 000110465925023247

Filing Summary: On March 13, 2025, KULR Technology Group, Inc. announced that a prominent private U.S. space company has acquired its NASA-certified M35A battery cells for integration into their spaceflight programs. This acquisition highlights the continued utilization of KULR's advanced technologies in significant aerospace applications. A press release regarding this acquisition was attached to the filing as Exhibit 99.1. The document clarifies that this information is being disclosed in accordance with Regulation FD and does not constitute an admission of materiality under the Securities Exchange Act.