KULR Technology Group Files 8-K Report
Ticker: KULR · Form: 8-K · Filed: Feb 11, 2025 · CIK: 1662684
| Field | Detail |
|---|---|
| Company | Kulr Technology Group, Inc. (KULR) |
| Form Type | 8-K |
| Filed Date | Feb 11, 2025 |
| Risk Level | low |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $10 m, $103,905, $10 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: 8-K, filing, financials
Related Tickers: KULR
TL;DR
KULR filed an 8-K on Feb 11, 2025, mostly about financials and other events.
AI Summary
On February 11, 2025, KULR Technology Group, Inc. filed an 8-K report. The filing primarily concerns financial statements and exhibits, along with other events and a Regulation FD disclosure. Specific details regarding the nature of these events or financial figures are not elaborated upon in the provided text.
Why It Matters
This 8-K filing indicates that KULR Technology Group, Inc. is providing updates to the SEC, which could include material information relevant to investors.
Risk Assessment
Risk Level: low — The filing is a standard 8-K report and does not contain specific negative or positive news that would immediately alter risk perception.
Key Players & Entities
- KULR Technology Group, Inc. (company) — Registrant
- February 11, 2025 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- 001-40454 (identifier) — Commission File Number
- 81-1004273 (identifier) — IRS Employer Identification No.
- 555 Forge River Road , Suite 100 , Webster , Texas 77598 (address) — Address of principal executive offices
FAQ
What is the primary purpose of this 8-K filing for KULR Technology Group, Inc.?
The filing is primarily for Regulation FD Disclosure, Other Events, and Financial Statements and Exhibits.
On what date was the earliest event reported in this 8-K filing?
The earliest event reported was on February 11, 2025.
In which state is KULR Technology Group, Inc. incorporated?
KULR Technology Group, Inc. is incorporated in Delaware.
What is the Commission File Number for KULR Technology Group, Inc.?
The Commission File Number is 001-40454.
What is the principal executive office address for KULR Technology Group, Inc.?
The principal executive office address is 555 Forge River Road, Suite 100, Webster, Texas 77598.
Filing Stats: 1,542 words · 6 min read · ~5 pages · Grade level 13.9 · Accepted 2025-02-11 08:30:16
Key Financial Figures
- $10 m — of additional bitcoin for approximately $10 million, at a weighted average price of $
- $103,905 — million, at a weighted average price of $103,905 per bitcoin, inclusive of fees and expe
- $10 million — y completed a purchase of approximately $10 million bitcoin, at a weighted average price of
Filing Documents
- tm256067d1_8k.htm (8-K) — 33KB
- tm256067d1_ex99-1.htm (EX-99.1) — 12KB
- tm256067d1_ex99-1img01.jpg (GRAPHIC) — 6KB
- 0001104659-25-011205.txt ( ) — 230KB
- kutg-20250211.xsd (EX-101.SCH) — 3KB
- kutg-20250211_lab.xml (EX-101.LAB) — 33KB
- kutg-20250211_pre.xml (EX-101.PRE) — 22KB
- tm256067d1_8k_htm.xml (XML) — 4KB
01
Item 7.01 Regulation FD Disclosure On February 11, 2025, KULR Technology Group, Inc. (the "Company" or "KULR") issued a press release announcing that the Company completed a purchase of additional bitcoin for approximately $10 million, at a weighted average price of $103,905 per bitcoin, inclusive of fees and expenses. KULR also announced that its year-to-date BTC Yield, a key performance indicator described below, was 167%. 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 February 11, 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: February 11, 2025 By: /s/ Michael Mo Michael Mo Chief Executive Officer