debt
confidence high
sentiment neutral
materiality 0.50
KULR extends initial payment deadline to Sep 1 under Yorkville SEPA amendment
KULR Technology Group, Inc.
- Amendment Letter dated Aug 22 extends initial payment deadline from Aug 25 to Sep 1, 2023.
- Company must pay $3M principal + 5% premium + accrued interest by Sep 1 or upon closing of any financing.
- Agreement modifies prior Letter Agreement (Aug 16, 2023) and Supplemental SEPA (Sep 23, 2022) with YA II PN, Ltd.