KULR amends debt repayment terms with Yorkville; $1M, $2M, and final payments due by April 2024

KULR Technology Group, Inc.

Amendment requires $1M principal plus 5% premium and accrued interest by Dec 31, 2023 or closing of current offering.
Second payment of $2M principal plus 5% premium and interest due by Feb 29, 2024.
Remaining principal plus 5% premium and interest due by April 30, 2024.
If December payment made, Yorkville will not submit investor notices before May 1, 2024.
Company to seek shareholder approval to issue shares above exchange cap by Jan 19, 2024.

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") (effective 2023-12-19).

Action: amendment
Agreement: credit facility
Counterparty: YA and Yorkville Advisors Global, L.P (collectively "Yorkville Advisors")
Effective: 2023-12-19

Exact text from the filing

On December 19, 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 0001104659-23-127323

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