KULR amends Yorkville debt terms; extends $1.5M, $2M, and balance payments to Dec 2023, Jan 2024, Mar 2024

KULR Technology Group, Inc.

Amendment to August 30, 2023 letter agreement with Yorkville Advisors modifies payment schedule.
December 31, 2023: $1.5M principal + 5% premium + accrued interest due.
January 31, 2024: $2.0M principal + 5% premium + accrued interest due.
March 1, 2024: remaining principal + 5% premium + accrued interest due.
Yorkville cannot submit new advance notices until Jan 2024; monthly cap of $1,383,333 principal after payments.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

KULR Technology Group, Inc. amended Amendment Agreement with YA and Yorkville Advisors Global, L.P (collectively “Yorkville Advisors” or the “Investor”) (effective 2023-11-07).

Action: amendment
Counterparty: YA and Yorkville Advisors Global, L.P (collectively “Yorkville Advisors” or the “Investor”)
Effective: 2023-11-07

Exact text from the filing

On November 7, 2023, KULR Technology Group, Inc. (the “Company”) entered into a letter amendment agreement (the “Amendment Agreement”) with YA and Yorkville Advisors Global, L.P (collectively “Yorkville Advisors” or the “Investor”) in order to amend and supplement that certain Letter Agreement dated August 30, 2023

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KULR Technology Group, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-115303

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