secwatch.observer — SEC 8-K summary
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Issuer:     KULR Technology Group, Inc. (KULR)
CIK:        0001662684
Form:       8-K
Filed at:   2023-08-16T23:59:59+00:00
Accession:  0001104659-23-092530
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KULR amends Yorkville SEPA; $7.15M principal repayment schedule set through Dec 2023
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- Outstanding principal of $7.15M plus $205,961 accrued interest as of Aug 16, 2023.
- If KULR raises ≥$15M in a financing, entire balance plus 5% premium paid; both agreements terminate.
- If less than $15M, scheduled payments: $3M by Aug 25, then $1.383M each by Oct 31, Nov 30, Dec 31, plus 5% premium.
- Yorkville agrees not to submit advance notices before Oct 15, 2023, conditional on timely August payment.
- Failure to meet repayment schedule constitutes Event of Default under the Supplemental Agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1662684/000110465923092530/0001104659-23-092530-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1662684/000110465923092530/tm23239520d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-092530

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