KULR Know-how Group, Inc. (NYSE American: KULR) introduced it has entered right into a Managed Fairness Providing Gross sales Settlement with Cantor Fitzgerald & Co. and Craig-Hallum Capital Group LLC, enabling the corporate to promote as much as $300 million of its widespread inventory in an at-the-market (ATM) providing to assist its Bitcoin treasury reserve.
Beneath the settlement, Cantor Fitzgerald will act as the only gross sales agent, utilizing commercially cheap efforts to promote shares at market costs. The providing can be made underneath an current shelf registration and will happen every now and then based mostly on market circumstances and firm discretion.
As of June 6, 2025, KULR’s widespread inventory was buying and selling at $1.18 per share. The overall variety of shares issued underneath the settlement is not going to exceed the corporate’s approved however unissued shares, after accounting for shares already reserved or dedicated.
“Our widespread inventory is listed and traded on the NYSE American LLC underneath the image ‘KULR,’” acknowledged the submitting.
KULR pays the gross sales brokers a fee of as much as 3.0% of the product sales proceeds. The brokers are thought of underwriters underneath the Securities Act of 1933, and KULR has agreed to indemnify them towards sure liabilities.
“Our enterprise and an funding in our widespread inventory contain important dangers,” acknowledged the submitting. “These dangers are described underneath the caption “Threat Components” starting on web page S-6 of this prospectus complement, and the chance components integrated by reference into this prospectus complement and the accompanying base prospectus.”
KULR began adopting bitcoin as their main treasury reserve asset in December 2024. Their technique focuses on buying and holding bitcoin by utilizing money flows that exceed working capital necessities, issuing fairness debt securities or elevating extra capital to buy extra Bitcoin.
“We view our bitcoin holdings as long run holdings and count on to proceed to build up bitcoin,” talked about the submitting on web page S-2. “Now we have not set any particular goal for the quantity of bitcoin we search to carry, and we are going to proceed to observe market circumstances in figuring out whether or not to have interaction in extra bitcoin purchases. This total technique additionally contemplates that we might periodically promote bitcoin for common company functions or in reference to methods that generate tax advantages in accordance with relevant regulation, enter into extra capital elevating transactions, together with people who could possibly be collateralized by our bitcoin holdings, and think about pursuing methods to create earnings streams or in any other case generate funds utilizing our bitcoin holdings.”
