KULR prices $900K public offering of 4.5M shares at $0.20/share

KULR Technology Group, Inc.

Gross proceeds $900K from 4.5M shares at $0.20/share; underwriter R.F. Lafferty & Co.
Underwriter granted 30-day over-allotment option for up to 675K additional shares.
Net proceeds to partially repay Yorkville debt and for working capital.
Closing expected Dec 22, 2023 subject to customary conditions.
Offering made under effective shelf registration statement (File No. 333-257697).

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. entered into Underwriting Agreement with R.F. Lafferty & Co., Inc. valued at $900,000 (effective 2023-12-20).

Action: entry
Agreement: underwriting
Counterparty: R.F. Lafferty & Co., Inc.
Value: $900,000
Effective: 2023-12-20

Exact text from the filing

On December 20, 2023, KULR Technology Group, Inc. (the “Company”) entered into an Underwriting Agreement (the “Agreement”) with R.F. Lafferty & Co., Inc., the sole book-running manager and underwriter (the “Underwriter”) relating to an underwritten offering (the “Offering”) of 4,500,000 shares (“Shares”) of common stock of the Company (“Common Stock”) at a price to the public of $0.20 per share (the “Offering Price”).

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KULR Technology Group, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-127793

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