KULR files Delaware Chancery petition to validate Series A preferred, 8:1 reverse split and board actions

KULR Technology Group, Inc.

• Petition filed Oct 23, 2026 under 8 Del. C. Section 205; KULR says Section 204 ratification is unavailable because valid and putative shares are mixed in the public float
• Series A Voting Preferred: 730,000 shares issued to CEO Michael Mo on Jan 26, 2024 and 270,000 on Jan 16, 2025; his voting power went from about 45% to about 33%
• 8:1 reverse split amendment filed June 20, 2025 with no locatable record of board/stockholder approval of the filed form; Mo's voting power rose to about 71%
• Other challenged acts: 2016 name change, 2018 authorized common increase to 500 million shares, and June 5, 2025 board expansion to five seats adding Aron Schwartz and Shawn Carter
• Petition cites April 28, 2026 stockholder action removing Massey, Grier, Schwartz and Carter and electing Frank and Kimel; all sitting directors support the filing