secwatch.observer — SEC 8-K summary
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Issuer:     KULR Technology Group, Inc. (KULR)
CIK:        0001662684
Form:       8-K
Filed at:   2024-02-13T23:59:59+00:00
Accession:  0001104659-24-022023
Event type: debt
Sentiment:  negative
Materiality: 0.65
Item codes: 1.01, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KULR defers $4.9M debt payment to Dec 2024; shareholders authorize reverse split up to 1:80
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- Outstanding principal $4,894,664 deferred to Dec 31, 2024; incremental payments start March 2024.
- Investor gets option to receive up to 50% of net proceeds from future financings for early repayment.
- Shareholders approved reverse stock split between 1:2 and 1:80; reduced quorum to 33 1/3%.
- Shareholders authorized issuance of shares over 20% for commercial engagements and existing financing.
- Approval by shareholders holding 55.72% of outstanding shares as of Feb 9, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1662684/000110465924022023/0001104659-24-022023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1662684/000110465924022023/tm245809d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-022023

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