KULR Technology Group, Inc. (KULR): Nasdaq/NYSE listing notice — KULR receives NYSE American non-compliance notice for low stockholders' equity

KULR Technology Group, Inc.

Notice cites non-compliance with Section 1003(a)(i), (ii), (iii) due to stockholders' equity below $2M, $4M, $6M thresholds.
Company must submit a compliance plan by January 19, 2024; regain compliance deadline is June 20, 2025.
No immediate effect on listing or trading; KULR intends to deliver a plan to the Exchange.
Company has reported losses from continuing operations/net losses in recent fiscal years.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

KULR Technology Group, Inc. received a nyse_american deficiency notice notice regarding stockholders equity (rules 1003(a)(iii), 1009).

Exchange: nyse american
Notice: deficiency notice
Deficiency: stockholders equity
Rules: 1003(a)(iii), 1009

Exact text from the filing

December 20, 2023, KULR Technology Group, Inc. (the “Company”) received a letter (the “Letter”) from the staff of NYSE American LLC (the “Exchange”) stating that the Company’s stockholders’ equity as reported in its Quarterly Report on Form 10-Q for the quarter ended September 30, 2023 (“Form 10-K”) was not in compliance with the Exchange’s continued listing standards under Section 1003(a)(iii) of the NYSE American Company Guide (the “Company Guide”). Section 1003(a)(iii) of the Company Guide requires a listed company to have stockholders’ equity of $6 million or more if the listed company has

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KULR Technology Group, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-128895

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