KULR Technology Group pauses its ATM equity program, focusing on growth funded by Bitcoin sales instead.
Quiver AI Summary
KULR Technology Group, Inc. has announced a continuation of the pause on its at-the-market equity offering program, extending it through September 30, 2026, as part of its non-dilutive growth strategy. The company plans to utilize its current liquidity and disciplined financial management to support its operations and initiatives instead of issuing new equity under the ATM program. Instead, KULR may sell some of its Bitcoin holdings to fund the scaling of its KULR ONE Space architecture for spaceflight, ramp up production of KULR ONE Air products for drone applications, and advance its KULR ONE MAX battery backup solutions. CEO Michael Mo emphasized the importance of protecting shareholder value and maintaining focus on product development during this period.
Potential Positives
- KULR Technology Group has paused its at-the-market equity offering program, protecting shareholders from dilution.
- The company is focusing on funding growth through disciplined liquidity management, showing a commitment to maintaining financial stability.
- KULR aims to scale its KULR ONE Space architecture and ramp up production for military and commercial applications, indicating strong growth potential in emerging markets.
- The company is prioritizing the execution of its core platforms, which aligns with its long-term strategic goals and enhances investor confidence in its direction.
Potential Negatives
- The extension of the pause on the ATM equity offering may indicate financial constraints or a lack of confidence in the company's current stock valuation, suggesting a potentially unstable financial outlook.
- Reliance on selling Bitcoin holdings to fund operations raises concerns about the volatility and risk associated with cryptocurrency as a funding source, which may impact financial stability.
- The company's need to rely on its existing liquidity for growth initiatives suggests a possible lack of access to traditional funding methods, which could limit expansion opportunities.
FAQ
What is KULR Technology Group's ATM equity offering status?
KULR has extended the pause of its at-the-market equity offering program through September 30, 2026.
How will KULR fund its growth initiatives?
The company may sell its Bitcoin holdings instead of issuing equity to support its growth priorities.
What are the key priorities for KULR's growth?
KULR plans to scale its KULR ONE Space architecture, ramp up KULR ONE Air production, and develop KULR ONE MAX backup solutions.
Who is KULR's CEO and what did he state about equity issuance?
KULR's CEO Michael Mo stated they prefer disciplined funding methods to protect shareholders from dilution.
Where is KULR Technology Group located?
KULR Technology Group is based in Webster, Texas, focusing on scaling domestic battery production.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$KULR Hedge Fund Activity
We have seen 46 institutional investors add shares of $KULR stock to their portfolio, and 42 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BANK OF AMERICA CORP /DE/ added 505,327 shares (+252.4%) to their portfolio in Q1 2026, for an estimated $1,197,624
- MARSHALL WACE, LLP removed 487,304 shares (-75.9%) from their portfolio in Q1 2026, for an estimated $1,154,910
- JUMP FINANCIAL, LLC removed 207,170 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $490,992
- JANE STREET GROUP, LLC removed 205,206 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $486,338
- BLACKROCK, INC. added 196,451 shares (+7.9%) to their portfolio in Q1 2026, for an estimated $465,588
- SCHONFELD STRATEGIC ADVISORS LLC added 96,205 shares (+inf%) to their portfolio in Q1 2026, for an estimated $228,005
- VANGUARD GROUP INC added 89,063 shares (+4.5%) to their portfolio in Q4 2025, for an estimated $263,626
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Full Release
HOUSTON, June 26, 2026 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a developer of safe, high-power energy systems that enable physical AI across space, defense, drones, data centers, robotics, and other mission-critical applications, today announced that, as part of its non-dilutive growth strategy, it has extended the pause of its at-the-market (“ATM”) equity offering program with Cantor Fitzgerald and Craig-Hallum through September 30, 2026.
KULR expects its existing liquidity, together with disciplined balance-sheet management, to support its planned operations and growth initiatives. Rather than issue equity under the ATM at current levels, the Company may, from time to time, sell its Bitcoin holdings to fund the following priorities:
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Scale its flagship KULR ONE Space (K1S) architecture providing scalable, standardized battery solutions that meet rigorous human spaceflight safety standards.
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Ramp production of its KULR ONE Air products for military and commercial drone applications.
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Advance the development of its KULR ONE MAX battery backup solutions for AI data center and telecommunications applications.
"We do not intend to issue equity at these levels when we have more disciplined ways to fund our growth,” commented KULR Founder and CEO Michael Mo. “Keeping the ATM paused protects our shareholders from dilution and keeps our focus where it belongs -- building more batteries and getting them to customers.”
During this period, the Company intends to prioritize execution across its core platforms which was detailed in Mr. Mo's recent letter to shareholders.
About KULR Technology Group, Inc.
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
.
Find KULR: Website | X | Telegram | LinkedIn | Instagram | TikTok | Facebook
Investor Relations:
KULR Technology Group, Inc.
Phone: 858-866-8478 x 847
Email:
[email protected]
Safe Harbor Statement
This release contains certain forward-looking statements based on our current expectations, intentions 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 March 31, 2026, as may be amended or supplemented by other reports we file with the Securities and Exchange Commission from time to time. 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 such forward-looking statements that are provided by management in this release are based on information available at this time, and management expects that internal expectations may change over time. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Except as otherwise required by applicable law, we assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.
