KULR Technology Group Enters Material Definitive Agreement

TL;DR

KULR just signed a big deal, details TBD.

AI Summary

On July 3, 2024, KULR Technology Group, Inc. entered into a Material Definitive Agreement. The filing does not provide specific details on the agreement's nature or any associated dollar amounts.

Why It Matters

This filing indicates a significant new contract or partnership for KULR Technology Group, which could impact its future business operations and financial performance.

Risk Assessment

Risk Level: medium — The lack of specific details in the filing regarding the Material Definitive Agreement introduces uncertainty about its terms and potential impact.

Key Players & Entities

• KULR Technology Group, Inc. (company) — Registrant

FAQ

Key Financial Figures

• $20.0 million — ng an aggregate offering price of up to $20.0 million in "at the market" offerings through or

Filing Documents

• tm2418846d1_8k.htm (8-K) — 26KB
• tm2418846d1_ex5-1.htm (EX-5.1) — 7KB
• tm2418846d1_ex10-1.htm (EX-10.1) — 236KB
• tm2418846d1_ex5-1img01.jpg (GRAPHIC) — 9KB
• 0001104659-24-077819.txt ( ) — 507KB
• kutg-20240703.xsd (EX-101.SCH) — 3KB
• kutg-20240703_lab.xml (EX-101.LAB) — 33KB
• kutg-20240703_pre.xml (EX-101.PRE) — 22KB
• tm2418846d1_8k_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On July 3, 2024, KULR Technology Group, Inc. (the "Company") entered into an At The Market Offering Agreement (the "Sales Agreement") with Craig-Hallum Capital Group LLC (the "Agent"), under which the Company may, from time to time, sell shares of the Company's common stock having an aggregate offering price of up to $20.0 million in "at the market" offerings through or to the Agent, as sales agent or principal. Sales of the shares of common stock, if any, will be made at prevailing market prices at the time of sale, or as otherwise agreed with the Agent. The Agent will receive a commission from the Company of 3.0% of the gross proceeds of any shares of common stock sold under the Sales Agreement. The Company is not obligated to sell, and the Agent is not obligated to buy or sell, any shares of common stock under the Sales Agreement. No assurance can be given that the Company will sell any shares of common stock under the Sales Agreement, or, if it does, as to the price or amount of shares of common stock that it sells or the dates when such sales will take place. The Company and the Agent may each terminate the Sales Agreement at any time upon specified prior written notice. The shares will be issued pursuant to the Company's registration statement on Form S-3 (File No. 333-257697), previously filed with the Securities and Exchange Commission (the "Commission") on July 6, 2021 and declared effective by the Commission on July 13, 2021, and related prospectus supplement filed with the Commission on July 3, 2024. The foregoing description of the terms of the Sales Agreement is a summary, does not purport to be a complete description of the rights and obligations of the parties thereunder, and is qualified in its entirety by reference to the full text of the Sales Agreement, a copy of which is filed 10.1 to this Current Report and incorporated herein by reference. A copy of the opinion of Sichenzia Ross Ferenc

01

Item 9.01 Exhibits Exhibit No. Description 5.1 Opinion of Sichenzia Ross Ference Carmel, LLP 10.1 At The Market Offering Agreement, dated July 3, 2024, by and between the Company and Craig-Hallum Capital Group LLC 23.1 Consent of Sichenzia Ross Ference Carmel, LLP (contained in Exhibit 5.1) 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on behalf of the undersigned hereunto duly authorized. KULR TECHNOLOGY GROUP, INC. Date: July 3, 2024 By: /s/ Michael Mo Michael Mo Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR