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Float is currently over 12 million shares (+6.4 million shares from offering round).
Yes. I believe we're in the midst of a paradigm shift that could result in higher prices in the short to medium (Q1/Q2 2021) term:
1) Continued liquidation of offering investor group's (IG) initial 6.4 million share position to a more diversified shareholder base reduces the probability of undue selling pressure on IG's part moving forward - IG risk alleviation.
2) KULR is well capitalized in 2021 to finance growth strategies and opportunities
3) KULR is in more advanced stages of product development and acceptance with various world-class customer engagements (as alluded to in previous earnings announcements)
4) KULR is getting closer to an up list to a senior exchange, which when completed, will result in increased investor awareness and potential for attracting institutional investors.
5) Conceivable end end to Covid-19's impact on slow down of product development/customer engagements
Stay tuned...
**Disclosure: This information does not constitute an offer to sell or a solicitation of offers to buy any securities of KULR. As a moderator (supernova23) of this board it is my duty to disclose to you that my family has invested in KULR and that I'm personally acting as a consultant for KULR and have been compensated in shares for that role. I'm not a licensed financial professional. I have performed extensive research on the Company and believe KULR has real potential to displace conventional thermal management or "cooling" solutions for the electronics and battery industries. This is my opinion and you should always perform your own complete due diligence before making any investment decision. There is obviously risk of loss when buying or selling securities and generally even greater risk associated with buying or selling micro-cap stocks. Some real challenges faced by micro-cap companies include raising capital, increasing liquidity, attracting institutional investors, gaining analyst coverage, and general mistrust of the micro-cap market. Micro-cap companies also tend to lack in resources and often struggle to commercialize their products or services in a meaningful way.
Still to early to tell, but it seems the offering investor group (IG) has relaxed a bit on selling below the $1.30 level (bottom???). Perhaps IG has reached a level of comfort with respect to the balance of KULR shares remaining in their position and the accumulation of bid interest/volume at these levels.
**Disclosure: This information does not constitute an offer to sell or a solicitation of offers to buy any securities of KULR. As a moderator (supernova23) of this board it is my duty to disclose to you that my family has invested in KULR and that I'm personally acting as a consultant for KULR and have been compensated in shares for that role. I'm not a licensed financial professional. I have performed extensive research on the Company and believe KULR has real potential to displace conventional thermal management or "cooling" solutions for the electronics and battery industries. This is my opinion and you should always perform your own complete due diligence before making any investment decision. There is obviously risk of loss when buying or selling securities and generally even greater risk associated with buying or selling micro-cap stocks. Some real challenges faced by micro-cap companies include raising capital, increasing liquidity, attracting institutional investors, gaining analyst coverage, and general mistrust of the micro-cap market. Micro-cap companies also tend to lack in resources and often struggle to commercialize their products or services in a meaningful way.
I suspect a good chunk from the offering shares has already been liquidated. Frankly I'm a bit surprised they're liquidating here at these levels, more or less at the offering price. All it takes is a spark to release the Kraken. Hopefully the investor group will be out of a significant enough of a position at that time and volume/momentum/increased investor awareness/tangible growth potential will carry the stock higher (KULR float is relatively small). I have conviction the Company will succeed as we're late into product development engagements. Just a question of when...
**Disclosure: This information does not constitute an offer to sell or a solicitation of offers to buy any securities of KULR. As a moderator (supernova23) of this board it is my duty to disclose to you that my family has invested in KULR and that I'm personally acting as a consultant for KULR and have been compensated in shares for that role. I'm not a licensed financial professional. I have performed extensive research on the Company and believe KULR has real potential to displace conventional thermal management or "cooling" solutions for the electronics and battery industries. This is my opinion and you should always perform your own complete due diligence before making any investment decision. There is obviously risk of loss when buying or selling securities and generally even greater risk associated with buying or selling micro-cap stocks. Some real challenges faced by micro-cap companies include raising capital, increasing liquidity, attracting institutional investors, gaining analyst coverage, and general mistrust of the micro-cap market. Micro-cap companies also tend to lack in resources and often struggle to commercialize their products or services in a meaningful way.
Hehe. I don't agree, but who knows? Either way, looking forward to the move when it happens. See you when I see you Badge.
Good luck to us all!
Aside from the EV space, KULR is working on capturing market share in utility/residential level energy storage and the battery transport/recycling spaces. Both are fast growing industries with a need for improved battery safety technologies.
**Disclosure: This information does not constitute an offer to sell or a solicitation of offers to buy any securities of KULR. As a moderator (supernova23) of this board it is my duty to disclose to you that my family has invested in KULR and that I'm personally acting as a consultant for KULR and have been compensated in shares for that role. I'm not a licensed financial professional. I have performed extensive research on the Company and believe KULR has real potential to displace conventional thermal management or "cooling" solutions for the electronics and battery industries. This is my opinion and you should always perform your own complete due diligence before making any investment decision. There is obviously risk of loss when buying or selling securities and generally even greater risk associated with buying or selling micro-cap stocks. Some real challenges faced by micro-cap companies include raising capital, increasing liquidity, attracting institutional investors, gaining analyst coverage, and general mistrust of the micro-cap market. Micro-cap companies also tend to lack in resources and often struggle to commercialize their products or services in a meaningful way.
Interesting comments guys. If the seller (offering investor group) is willing to sell here, better for us. I've been accumulating additional shares myself at these lower levels.
**Disclosure: This information does not constitute an offer to sell or a solicitation of offers to buy any securities of KULR. As a moderator (supernova23) of this board it is my duty to disclose to you that my family has invested in KULR and that I'm personally acting as a consultant for KULR and have been compensated in shares for that role. I'm not a licensed financial professional. I have performed extensive research on the Company and believe KULR has real potential to displace conventional thermal management or "cooling" solutions for the electronics and battery industries. This is my opinion and you should always perform your own complete due diligence before making any investment decision. There is obviously risk of loss when buying or selling securities and generally even greater risk associated with buying or selling micro-cap stocks. Some real challenges faced by micro-cap companies include raising capital, increasing liquidity, attracting institutional investors, gaining analyst coverage, and general mistrust of the micro-cap market. Micro-cap companies also tend to lack in resources and often struggle to commercialize their products or services in a meaningful way.
Yes, things can change on a dime with the advent of a meaningful catalyst. A lot of irons in the fire along with the up list in the works. Patience..
Nice 737.
To all again. Be wary of buying KULR stock above $1.50 in the short-term as it appears the investor group (IG) from the offering can't help themselves, selling into bounces and after bid accumulation. I believe the $1.30's to mid $1.40 price level makes more sense as an entry point given IG's entry at $1.25.
**Disclosure: This information does not constitute an offer to sell or a solicitation of offers to buy any securities of KULR. As a moderator (supernova23) of this board it is my duty to disclose to you that my family has invested in KULR and that I'm personally acting as a consultant for KULR and have been compensated in shares for that role. I'm not a licensed financial professional. I have performed extensive research on the Company and believe KULR has real potential to displace conventional thermal management or "cooling" solutions for the electronics and battery industries. This is my opinion and you should always perform your own complete due diligence before making any investment decision. There is obviously risk of loss when buying or selling securities and generally even greater risk associated with buying or selling micro-cap stocks. Some real challenges faced by micro-cap companies include raising capital, increasing liquidity, attracting institutional investors, gaining analyst coverage, and general mistrust of the micro-cap market. Micro-cap companies also tend to lack in resources and often struggle to commercialize their products or services in a meaningful way.
Appears that IG is at it again selling hard into the 1.40s.
Indeed.
No. The float is now double that amount, closer to 12.5M shares (per my previous post). Sorry, was only responding to your message about where the previous poster may have gotten his float figure from.
That's an old number and is incorrect. The float is now closer to 12.5 million shares or 6.175M + 6.4M (from offering) shares.
The following is sheer speculation on my part but...
Assuming the investor group (IG) started selling on 12/29/20, the day the offering pricing was announced and IG represented 70% of sell side volume, out of a total volume of 3,425,412 shares traded thru today, IG has conceivably liquidated ~2.4M shares for $3.8M (using daily VWAP as a benchmark). Not bad for 7 trading days.
If the above calculation is close to the truth, this would leave IG with a balance of ~4M shares and close to half of the initial $8M investment recovered.
Let's see how this plays out moving forward with respect to volume, Company announcements, and continued risk taken off of the table by IG.
**Disclosure: This information does not constitute an offer to sell or a solicitation of offers to buy any securities of KULR. As a moderator (supernova23) of this board it is my duty to disclose to you that my family has invested in KULR and that I'm personally acting as a consultant for KULR and have been compensated in shares for that role. I'm not a licensed financial professional. I have performed extensive research on the Company and believe KULR has real potential to displace conventional thermal management or "cooling" solutions for the electronics and battery industries. This is my opinion and you should always perform your own complete due diligence before making any investment decision. There is obviously risk of loss when buying or selling securities and generally even greater risk associated with buying or selling micro-cap stocks. Some real challenges faced by micro-cap companies include raising capital, increasing liquidity, attracting institutional investors, gaining analyst coverage, and general mistrust of the micro-cap market. Micro-cap companies also tend to lack in resources and often struggle to commercialize their products or services in a meaningful way.
If you're referring to options, I don't think so.
Not sure I understand the context of the question, but if you're referring to the offering warrants and whether or not they have been exercised, I highly doubt it given that the investor group(s) still have a sizeable primary share position (6.4M shares less whatever's been liquidated to this point).
Not sure of the exact number now, but KULR had a total of 14 patents inclusive of those pending, granted, and licensed as of July 2019.
https://kulrtechnology.com/kulr-technology-group-company-presentation-july-2019/
Yes. Curious to know the value of this work as it pertains to KULR, but at the very least is validating.
As am I.
Exactly. As they offset position/risk, I imagine there will be a point in time where it makes sense to hold with risk/reward turning favorable. Hopefully volume will increase alongside bullish news and we reach that point soon. Although volume has increased considerably, I think the relative lack of it is a big reason why the investor group will look to offset in the short-term. In the meantime, people making a decision to jump in should be aware of this potential headwind.
**Disclosure: This information does not constitute an offer to sell or a solicitation of offers to buy any securities of KULR. As a moderator (supernova23) of this board it is my duty to disclose to you that my family has invested in KULR and that I'm personally acting as a consultant for KULR and have been compensated in shares for that role. I'm not a licensed financial professional. I have performed extensive research on the Company and believe KULR has real potential to displace conventional thermal management or "cooling" solutions for the electronics and battery industries. This is my opinion and you should always perform your own complete due diligence before making any investment decision. There is obviously risk of loss when buying or selling securities and generally even greater risk associated with buying or selling micro-cap stocks. Some real challenges faced by micro-cap companies include raising capital, increasing liquidity, attracting institutional investors, gaining analyst coverage, and general mistrust of the micro-cap market. Micro-cap companies also tend to lack in resources and often struggle to commercialize their products or services in a meaningful way.
Need to be wary about the offering investor group selling. IMO, we're likely to see additional selling pressure by them into the close.
You've no idea what you're talking about. Do you due diligence before making comments like this. Outside of current revenues (which has little meaning for an emerging company with rapid growth potential - the stock market is forward looking), please provide just one bit of evidence to support you claim.
Offering investor group from 12/29/21 likely to be dumping shares hard into this move today. Heavy volume. I imagine they've sold well over 1M shares.
IMO, likely offering investor(s) selling into these levels again. I speculate they are approaching the 1M share mark in liquidated shares based on overall volume, bouts of "large" volume selling, and my belief that most investors are longer-term minded. VWAP since inception is ~$1.54.
**Disclosure: This information does not constitute an offer to sell or a solicitation of offers to buy any securities of KULR. As a moderator (supernova23) of this board it is my duty to disclose to you that my family has invested in KULR and that I'm personally acting as a consultant for KULR and have been compensated in shares for that role. I'm not a licensed financial professional. I have performed extensive research on the Company and believe KULR has real potential to displace conventional thermal management or "cooling" solutions for the electronics and battery industries. This is my opinion and you should always perform your own complete due diligence before making any investment decision. There is obviously risk of loss when buying or selling securities and generally even greater risk associated with buying or selling micro-cap stocks. Some real challenges faced by micro-cap companies include raising capital, increasing liquidity, attracting institutional investors, gaining analyst coverage, and general mistrust of the micro-cap market. Micro-cap companies also tend to lack in resources and often struggle to commercialize their products or services in a meaningful way.
Agreed 100% Badge. As you've pointed out in previous posts, KULR will need to show demand/commercialization/revenue growth (ideally at a rapid pace in 2021/2022 time period), which would likely make the Company an attractive buyout/merger candidate.
Good question.
Sorry to sound redundant but again, through the overall efficacy of the FTI (carbon "fiber thermal interface" material) technology relative to price point. KULR's thermal interface materials (TIMs) are electrically conductive (for EMF shielding) while also having high bulk thermal conductivity (and having high reliability/long lasting/low failure rate). Finally, FTI can be made thick enough in width, while maintaining thermal conductivity to accommodate wide gap ranges commonly associated with this type of application.
It's true that 5G systems are already being deployed at a rapid pace worldwide, so if proven successful, KULR may have to spec into the next-gen of deployments, perhaps in 2022 or 2023. Additionally, 5G cell sites will have to be maintained, occasionally requiring replacement of component parts due to stresses (i.e. heat) over time, TIM's being an example.
Also to your previous question, KULR's stellar (pun intended) reputation with NASA and the space industry also helps the Company get their foot in the door with many potential partners/customers. KULR truly is a leader in the carbon-fiber based thermal management materials space. However, at the end of the day it's the efficacy/quality of the product and economic viability (to both the customer and producer) that matters most. If KULR is capable of providing the highest quality product at a competitive cost point and is able to satisfy the volume demands of the customer then a deal can be made.
History is littered with examples of emerging companies rising to prominence and taking market share away from the "big boys", otherwise it would always be the big boys running the show. KULR is a diamond in the rough in the OTC space (can't wait for the up list). Although a difficult road and no guarantees of success, there's a very real opportunity for KULR to capture meaningful market share across one or more of the multiple verticals and emerging markets they are exploring given the (dare I say) disruptive nature of some of their technologies.
**Disclosure: This information does not constitute an offer to sell or a solicitation of offers to buy any securities of KULR. As a moderator (supernova23) of this board it is my duty to disclose to you that my family has invested in KULR and that I'm personally acting as a consultant for KULR and have been compensated in shares for that role. I'm not a licensed financial professional. I have performed extensive research on the Company and believe KULR has real potential to displace conventional thermal management or "cooling" solutions for the electronics and battery industries. This is my opinion and you should always perform your own complete due diligence before making any investment decision. There is obviously risk of loss when buying or selling securities and generally even greater risk associated with buying or selling micro-cap stocks. Some real challenges faced by micro-cap companies include raising capital, increasing liquidity, attracting institutional investors, gaining analyst coverage, and general mistrust of the micro-cap market. Micro-cap companies also tend to lack in resources and often struggle to commercialize their products or services in a meaningful way.
Through the efficacy of their thermal interface materials. In a nutshell, the high thermal conductivity along with EM shielding are key to KULR for capturing business in this particular market.
Go to slide # 19 of the investor deck from which the bullet points below are taken: https://kulrtechnology.com/kulr-technology-group-investor-presentation-june-2020/
KULR’s proprietary suite of thermal interface materials have characteristics that collectively are of particular importance to the 5G infrastructure and cloud computing industries:
• High bulk thermal conductivity
• Low interfacial resistance at relatively low contact pressures
• High electrical conductivity for electromagnetic shielding
• Exceptionally lightweight and compliant (form-fitting)
• Industrial-level reliability
**Disclosure: This information does not constitute an offer to sell or a solicitation of offers to buy any securities of KULR. As a moderator (supernova23) of this board it is my duty to disclose to you that my family has invested in KULR and that I'm personally acting as a consultant for KULR and have been compensated in shares for that role. I'm not a licensed financial professional. I have performed extensive research on the Company and believe KULR has real potential to displace conventional thermal management or "cooling" solutions for the electronics and battery industries. This is my opinion and you should always perform your own complete due diligence before making any investment decision. There is obviously risk of loss when buying or selling securities and generally even greater risk associated with buying or selling micro-cap stocks. Some real challenges faced by micro-cap companies include raising capital, increasing liquidity, attracting institutional investors, gaining analyst coverage, and general mistrust of the micro-cap market. Micro-cap companies also tend to lack in resources and often struggle to commercialize their products or services in a meaningful way.
Hehe, on vacation.
For what it's worth, I truly believe the Company will be rocking in 2021 with significant customer engagements. KULR's technologies work. I'm going off on a bit of a tangent here, but I've spent time with Dr. Knowles and KULR's engineers and have a good understanding of the Company's technologies and why they can displace traditionally used solutions in the marketplace. KULR's technologies aren't cost prohibitive and for products like TRS, is in a league of its own in terms of efficacy, size, and weight advantages. The recent CPSC report and NASA's use for space applications is a testament to this.
Product development has been a time consuming process (Covid-19 didn't help either) but KULR is making tangible progress. The Company currently has engagements with world-class companies with potential for significant commercialization.
If the investor group from Monday's offering is dumping shares as you and I believe out of sheer habit and/or ignorance, I don't imagine it will take long to burn through what is now just under 6M shares???, especially if volume can continue at this pace or even increase with significant news/catalysts to spark additional buying interest. Sucks in the short-term, but I suppose the silver lining in the cloud is that investors can now buy at relatively low price levels.
**Disclosure: This information does not constitute an offer to sell or a solicitation of offers to buy any securities of KULR. As a moderator (supernova23) of this board it is my duty to disclose to you that my family has invested in KULR and that I'm personally acting as a consultant for KULR and have been compensated in shares for that role. I'm not a licensed financial professional. I have performed extensive research on the Company and believe KULR has real potential to displace conventional thermal management or "cooling" solutions for the electronics and battery industries. This is my opinion and you should always perform your own complete due diligence before making any investment decision. There is obviously risk of loss when buying or selling securities and generally even greater risk associated with buying or selling micro-cap stocks. Some real challenges faced by micro-cap companies include raising capital, increasing liquidity, attracting institutional investors, gaining analyst coverage, and general mistrust of the micro-cap market. Micro-cap companies also tend to lack in resources and often struggle to commercialize their products or services in a meaningful way.
If today's price action is any indication of the the near-term future, do not buy above $1.50. I speculate the offering investor(s) was selling aggressively in the mid $1.30's to $1.40's area in the latter half of today's trading session. I'd rather they liquidate their positions at these lower levels, limiting themselves to a tiny profit ($1.25 purchase price), than see them sell at higher levels at the expense of loyal retail investors.
**Disclosure: This information does not constitute an offer to sell or a solicitation of offers to buy any securities of KULR. As a moderator (supernova23) of this board it is my duty to disclose to you that my family has invested in KULR and that I'm personally acting as a consultant for KULR and have been compensated in shares for that role. I'm not a licensed financial professional. I have performed extensive research on the Company and believe KULR has real potential to displace conventional thermal management or "cooling" solutions for the electronics and battery industries. This is my opinion and you should always perform your own complete due diligence before making any investment decision. There is obviously risk of loss when buying or selling securities and generally even greater risk associated with buying or selling micro-cap stocks. Some real challenges faced by micro-cap companies include raising capital, increasing liquidity, attracting institutional investors, gaining analyst coverage, and general mistrust of the micro-cap market. Micro-cap companies also tend to lack in resources and often struggle to commercialize their products or services in a meaningful way.
Yup. I think you were right.
Hopefully KULR makes a major announcement(s) in January. I'm hopeful the stock can get back above $2 for an extended period of time. This would provide the Company with an opportunity to up list to the NYSE without having to do the reverse stock split, assuming KULR makes a move to the NYSE and not the Nasdaq.
Generally I'm not a fan of OTC investment banks and investor groups tied to them as the industry is fraught with unscrupulous characters and doubting Thomases. However, knowing their motivations are tied to greed, if and when KULR makes a significant announcement(s), I'm hopeful the offering investor(s) will feel motivated to hold for the ride or if not, will liquidate the majority of it's holdings, allowing the stock to move more freely.
**Disclosure: This information does not constitute an offer to sell or a solicitation of offers to buy any securities of KULR. As a moderator (supernova23) of this board it is my duty to disclose to you that my family has invested in KULR and that I'm personally acting as a consultant for KULR and have been compensated in shares for that role. I'm not a licensed financial professional. I have performed extensive research on the Company and believe KULR has real potential to displace conventional thermal management or "cooling" solutions for the electronics and battery industries. This is my opinion and you should always perform your own complete due diligence before making any investment decision. There is obviously risk of loss when buying or selling securities and generally even greater risk associated with buying or selling micro-cap stocks. Some real challenges faced by micro-cap companies include raising capital, increasing liquidity, attracting institutional investors, gaining analyst coverage, and general mistrust of the micro-cap market. Micro-cap companies also tend to lack in resources and often struggle to commercialize their products or services in a meaningful way.
Not sure, but it appears that the investor(s) from yesterday's offering is selling in tranches when the price moves up towards the $1.70 level, selling into bids stacked in the $1.40's to $1.60's range. We may be caught in a price range for some time until a needle moving event occurs. I think the $1.30 to $1.40 range is a good entry point. The VWAP for KULR since inception is ~$1.54.
**Disclosure: This information does not constitute an offer to sell or a solicitation of offers to buy any securities of KULR. As a moderator (supernova23) of this board it is my duty to disclose to you that my family has invested in KULR and that I'm personally acting as a consultant for KULR and have been compensated in shares for that role. I'm not a licensed financial professional. I have performed extensive research on the Company and believe KULR has real potential to displace conventional thermal management or "cooling" solutions for the electronics and battery industries. This is my opinion and you should always perform your own complete due diligence before making any investment decision. There is obviously risk of loss when buying or selling securities and generally even greater risk associated with buying or selling micro-cap stocks. Some real challenges faced by micro-cap companies include raising capital, increasing liquidity, attracting institutional investors, gaining analyst coverage, and general mistrust of the micro-cap market. Micro-cap companies also tend to lack in resources and often struggle to commercialize their products or services in a meaningful way.
Hope your holdings work out for you.
And a healthy and prosperous new year to you too SF :)
I hear you Badge. KULR is more of a long-term hold for me. Although dilution and the potential for the investor(s) selling at these levels are a headwind, IMO, the financing terms seem reasonable given the fairly early stage in growth for the company. As you pointed out, in addition to the opportunity for institutional investments (and overall increased investor awareness) on a senior exchange, I believe KULR will put the funds to good use for growth in 2021. The successful cap raise is one less significant thing to worry about, allowing KULR to focus it's energies on really building the business.
IMO, it also seems reasonable that $1.25 to $1.50 level is likely to be a price support level for the stock given the $1.25 purchase price of the offering.
Regardless of your decision, I wish you a healthy and prosperous 2021.
**Disclosure: This information does not constitute an offer to sell or a solicitation of offers to buy any securities of KULR. As a moderator (supernova23) of this board it is my duty to disclose to you that my family has invested in KULR and that I'm personally acting as a consultant for KULR and have been compensated in shares for that role. I'm not a licensed financial professional. I have performed extensive research on the Company and believe KULR has real potential to displace conventional thermal management or "cooling" solutions for the electronics and battery industries. This is my opinion and you should always perform your own complete due diligence before making any investment decision. There is obviously risk of loss when buying or selling securities and generally even greater risk associated with buying or selling micro-cap stocks. Some real challenges faced by micro-cap companies include raising capital, increasing liquidity, attracting institutional investors, gaining analyst coverage, and general mistrust of the micro-cap market. Micro-cap companies also tend to lack in resources and often struggle to commercialize their products or services in a meaningful way.
Today's offering now provides KULR with sufficient funds to meet the shareholder equity requirement necessary for the up list. For example, I believe the only requirement to fulfill to up list to the NYSE is a minimum stock price of $2 under standard #3
KULR Technology Group Announces Pricing of $8.0 Million Offering
December 29, 2020 09:15 ET | Source: KULR Technology Group, Inc.
SAN DIEGO, Dec. 29, 2020 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (OTCQB: KULR) (the “Company” or “KULR”), a leading developer of next-generation thermal management technologies, today announced that it has entered into securities purchase agreements with certain institutional investors for the purchase and sale of an aggregate of 6,400,000 shares of common stock and warrants to purchase up to an aggregate of 6,400,000 shares of common stock at a purchase price of $1.25 per share and accompanying warrant in a registered direct offering. The warrants have an exercise price of $1.25 per share, are exercisable immediately, and will expire five years following the date of issuance. The closing of the offering is expected to occur on or about December 31, 2020, subject to the satisfaction of customary closing conditions.
Lake Street Capital Markets, LLC and Maxim Group LLC are acting as co-placement agents for the offering.
The gross proceeds to the Company from the offering are expected to be approximately $8.0 million. In addition, in the event the warrants are exercised in full for cash, the Company expects to receive approximately $8.0 million in additional gross proceeds. However, there is no assurance that all or any portion of the warrants will be exercised prior to their expiration.
The securities described above are being offered by the Company pursuant to a “shelf” registration statement on Form S-3 (File No. 333-232614) filed with the Securities and Exchange Commission (SEC) on July 11, 2019 and declared effective on August 1, 2019. The offering of the securities described herein will be made only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement. A final prospectus supplement and accompanying prospectus relating to the securities being offered will be filed with the SEC. Electronic copies of the final prospectus supplement and accompanying prospectus may be obtained, when available, on the SEC’s website at http://www.sec.gov or from Lake Street Capital Markets, LLC, Attention: Syndicate Department, 920 Second Avenue South, Suite 700, Minneapolis, Minnesota 55402, or by calling (612) 326-1305, or by emailing syndicate@lakestreetcm.com.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
About KULR Technology Group, Inc.
KULR Technology Group, Inc. (OTCQB:KULR) develops, manufactures and licenses next-generation carbon fiber thermal management technologies for batteries and electronic systems. Leveraging the company's roots in developing breakthrough cooling solutions for NASA space missions and backed by a strong intellectual property portfolio, KULR enables leading aerospace, electronics, energy storage, 5G infrastructure, and electric vehicle manufacturers to make their products cooler, lighter and safer for the consumer. For more information, please visit www.kulrtechnology.com.
Safe Harbor Statement
This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed with the Securities and Exchange Commission on May 14, 2020. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," and "would" or similar words. All forecasts are provided by management in this release are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, the forecasts are entirely on management's best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.
Source: https://www.globenewswire.com/news-release/2020/12/29/2151307/0/en/KULR-Technology-Group-Announces-Pricing-of-8-0-Million-Offering.html