Common Stock
- Symbol
- KULR
- Exchange
- NYSEAMER
- Classification
- COMMON
Current Report · Items 2.01 · 8-K
KULR Technology Group, Inc.
KULRNYSE_AMERICANEQUITYCurrent
Completion of Acquisition or Disposition of Assets
Item 2.01 Completion of Acquisition or Disposition of Assets During the period from July 9, 2026 through July 23, 2026, KULR Technology Group, Inc. (“KULR” or the “Company”) sold an aggregate of approximately 333 bitcoin (“BTC”) through a series of open market transactions to unrelated purchasers at a weighted average sales price of approximately $64,538 per BTC, resulting in aggregate gross proce…
Company context
KULR Technology Group, Inc. (NYSE American: KULR) is an energy-systems platform company that designs and manufactures safe, high-power battery solutions for physical AI and other mission-critical applications. Its KULR ONE® platform integrates advanced battery architecture, thermal management, safety engineering, battery management systems, and power electronics to serve space and defense, drones and electric aviation, AI data-center backup, robotics, and Energy-as-a-Service markets. Based in Webster, Texas, KULR is scaling domestic production to support the growing energy demands of physical AI and autonomous systems. Learn more at KULR.ai.
Current securities
Recent company filings
- DEFA14A filingOct 27, 2026
- DEF 14A filingOct 27, 2026
- Regulation FD DisclosureSep 30, 2026
- Completion of Acquisition or Disposition of Assets · Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory ArrangementsSep 11, 2026
- Results of Operations and Financial ConditionAug 13, 2026
Registered securities in this filing
KULR TECHNOLOGY GROUP, INC. · 8-K · Filed 2026-07-24
Disclosure sections
Item 2.01Item 2.01 - Completion of Acquisition
Item 2.01 Completion of Acquisition or Disposition of Assets
During the period from July 9, 2026 through July
23, 2026, KULR Technology Group, Inc. (“KULR” or the “Company”) sold an aggregate of approximately 333 bitcoin
(“BTC”) through a series of open market transactions to unrelated purchasers at a weighted average sales price of approximately
$64,538 per BTC, resulting in aggregate gross proceeds of approximately $21.5 million (collectively, the “Bitcoin Sales”).
The Bitcoin Sales were completed on July 23, 2026 and were effected as part of the Company’s ongoing treasury management operations.
The Company applied the net proceeds of the Bitcoin
Sales to repay outstanding borrowings under its $20.0 million credit facility with Coinbase Credit, Inc. (the “Credit Facility”).
Following such repayments, no principal amount remains outstanding under the Credit Facility. Accrued and unpaid interest under the Credit
Facility will be calculated as of month-end and is expected to be paid in August 2026. In connection with the repayment of the Credit
Facility in full, all 565.00 BTC previously pledged as collateral thereunder is expected to be released to the Company. The Company intends
to use the remaining net proceeds of the Bitcoin Sales for general corporate purposes.
The Company’s decision to sell enough BTC
to fully repay the Credit Facility was a deliberate and proactive step to strengthen the Company’s balance sheet during a period
of heightened market volatility. By repaying the debt, the Company aimed to reduce interest expense, remove collateral and liquidation
risk, and increase its financial flexibility while retaining meaningful exposure to BTC’s potential upside through its continued
BTC holdings. The move reflects the Company’s disciplined approach to capital allocation and risk management under its newly appointed
Board and Chief Financial Officer, prioritizing stockholder value and strengthening the Company’s financial foundation as it continues
scaling its core battery technology business. The Company currently holds approximately 760 BTC as of July 23, 2026 and maintains a largely
debt-free balance sheet.