KULR Technology Group Files 8-K with Updates
Ticker: KULR · Form: 8-K · Filed: Jan 21, 2025 · CIK: 1662684
| Field | Detail |
|---|---|
| Company | Kulr Technology Group, Inc. (KULR) |
| Form Type | 8-K |
| Filed Date | Jan 21, 2025 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $8 m, $101,695 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 8-K, disclosure, financials
Related Tickers: KULR
TL;DR
KULR Tech filed an 8-K on Jan 21, 2025, with financial updates and other disclosures.
AI Summary
KULR Technology Group, Inc. filed an 8-K on January 21, 2025, reporting on various events including a Regulation FD Disclosure, Other Events, and Financial Statements and Exhibits. The company, incorporated in Delaware, is headquartered in Webster, Texas. This filing provides updates on the company's operations and financial reporting.
Why It Matters
This 8-K filing provides crucial updates and disclosures for KULR Technology Group, Inc., impacting investors' understanding of the company's current status and financial health.
Risk Assessment
Risk Level: medium — 8-K filings can contain significant information that may impact stock price, requiring careful review by investors.
Key Players & Entities
- KULR Technology Group, Inc. (company) — Registrant
- January 21, 2025 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- Webster, Texas (location) — Address of principal executive offices
- 001-40454 (identifier) — Commission File Number
FAQ
What specific events are being disclosed in this 8-K filing?
This 8-K filing reports on Regulation FD Disclosure, Other Events, and Financial Statements and Exhibits.
When was the earliest event reported in this filing?
The earliest event reported in this filing occurred on January 21, 2025.
Where is KULR Technology Group, Inc. headquartered?
KULR Technology Group, Inc. is headquartered at 555 Forge River Road, Suite 100, Webster, Texas 77598.
What is the Commission File Number for KULR Technology Group, Inc.?
The Commission File Number for KULR Technology Group, Inc. is 001-40454.
In which state was KULR Technology Group, Inc. incorporated?
KULR Technology Group, Inc. was incorporated in Delaware.
Filing Stats: 1,543 words · 6 min read · ~5 pages · Grade level 14.1 · Accepted 2025-01-21 08:30:23
Key Financial Figures
- $8 m — an additional bitcoin for approximately $8 million, at a weighted average price of $
- $101,695 — million, at a weighted average price of $101,695 per bitcoin, inclusive of fees and expe
Filing Documents
- tm253821d1_8k.htm (8-K) — 34KB
- tm253821d1_ex99-1.htm (EX-99.1) — 10KB
- tm253821d1_ex99-1img001.jpg (GRAPHIC) — 6KB
- 0001104659-25-004744.txt ( ) — 229KB
- kutg-20250121.xsd (EX-101.SCH) — 3KB
- kutg-20250121_lab.xml (EX-101.LAB) — 33KB
- kutg-20250121_pre.xml (EX-101.PRE) — 22KB
- tm253821d1_8k_htm.xml (XML) — 4KB
01
Item 7.01 Regulation FD Disclosure On January 21, 2025, KULR Technology Group, Inc. (the "Company" or "KULR") issued a press release announcing that the Company completed a purchase of an additional bitcoin for approximately $8 million, at a weighted average price of $101,695 per bitcoin, inclusive of fees and expenses. KULR also announced that its year-to-date BTC Yield, a key performance indicator described below, was 127%. BTC Yield as a Key Performance Indicator (KPI) KULR uses BTC Yield as a KPI to help assess the performance of its strategy of acquiring bitcoin in a manner KULR believes is accretive to stockholders. KULR believes this KPI can be used to supplement an investor's understanding of KULR's decision to fund the purchase of bitcoin by issuing additional shares of its common stock. As further described below, when KULR uses this KPI, management also takes into account the various limitations of this metric. Important Information about BTC Yield KPI BTC Yield is a KPI that represents the percentage change period-to-period of the ratio between KULR's bitcoin holdings and its Assumed Diluted Shares Outstanding. Assumed Diluted Shares Outstanding refers to the aggregate of KULR's actual shares of common stock outstanding as of the end of each period plus all additional shares that would result from the settlement of and exercise of all outstanding derivative securities. Assumed Diluted Shares Outstanding is not calculated using the treasury method and does not take into account any vesting conditions or the exercise price of any derivative securities. Additionally, BTC Yield is not, and should not be understood as, an operating performance measure or a financial or liquidity measure. In particular, BTC Yield is not equivalent to a "yield" in the traditional financial context. It is not a measure of the return on investment KULR's stockholders may have achieved historically or can achieve in the future by purchasing stock of KULR, or a measure of
01
Item 9.01 Exhibits Exhibit No. Description 99.1 Press Release dated January 21, 2025 104 Cover Page Interactive Data File - The cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are 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: January 21, 2025 By: /s/ Michael Mo Michael Mo Chief Executive Officer