KULR Technology Group Pauses ATM Equity Offering to Focus on Core Operations and Growth Initiatives

KULR Technology pauses its ATM equity offering, focusing on production and development of battery solutions for key markets.

Quiver AI Summary

KULR Technology Group, Inc. announced a pause in its at-the-market equity offering program with Cantor Fitzgerald and Craig-Hallum, effective until June 30, 2026. The company, which specializes in energy systems for high-power lithium battery applications in space, defense, and telecommunications, highlighted its strong financial position with no debt and adequate liquidity to support operational and growth strategies. During this pause, KULR will focus on ramping up production of its KULR ONE Air products and advancing its KULR ONE MAX battery backup solutions tailored for AI data centers and telecom applications.

Potential Positives

KULR has paused its at-the-market equity offering program, indicating a strategic decision to strengthen its financial position.
The company maintains a strong balance sheet with no debt and sufficient liquidity, demonstrating financial stability and confidence in its growth initiatives.
KULR is prioritizing the execution of its core platforms, particularly the ramp-up of production for its KULR ONE Air products and advanced KULR ONE MAX solutions, which could enhance its market competitiveness.

Potential Negatives

The decision to pause the at-the-market equity offering program may indicate a reduced demand for funding or support for ongoing operations and growth initiatives.
Despite maintaining a strong balance sheet and no debt, the company's choice to halt the ATM program raises questions about its long-term funding strategy and potential liquidity needs.
The reliance on production ramp-up and development of new products during this pause could expose the company to execution risks and market fluctuations in the meantime.

FAQ

Why did KULR pause its ATM equity offering?

KULR paused its ATM equity offering to focus on execution across its core platforms and maintain liquidity for growth initiatives.

What products are KULR prioritizing during this period?

KULR is prioritizing the production of KULR ONE Air products and developing KULR ONE MAX battery backup solutions.

Does KULR have any outstanding debt?

No, KULR carries no debt and maintains a strong balance sheet with sufficient liquidity for operations.

What sectors does KULR serve?

KULR serves sectors including space and defense, hyperscale AI data centers, and telecom infrastructure.

Where can I find more information about KULR?

You can find more information on KULR's website and their social media platforms like LinkedIn and Facebook.

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 Insider Trading Activity

$KULR insiders have traded $KULR stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $KULR stock by insiders over the last 6 months:

JOANNA D. MASSEY sold 10,000 shares for an estimated $54,700

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$KULR Hedge Fund Activity

We have seen 41 institutional investors add shares of $KULR stock to their portfolio, and 77 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

MILLENNIUM MANAGEMENT LLC removed 1,773,260 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $12,643,343
MARSHALL WACE, LLP removed 829,387 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $5,913,529
CITADEL ADVISORS LLC added 530,643 shares (+684.1%) to their portfolio in Q3 2025, for an estimated $2,207,474
PEAK6 LLC removed 440,400 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $3,140,052
CHARLES SCHWAB INVESTMENT MANAGEMENT INC removed 324,677 shares (-78.4%) from their portfolio in Q3 2025, for an estimated $1,350,656
SUSQUEHANNA INTERNATIONAL GROUP, LLP removed 299,648 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $1,246,535
QUADRATURE CAPITAL LTD removed 240,629 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $1,715,684

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Full Release

HOUSTON , Dec. 22, 2025 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), an energy-systems platform company that enables the safe, certifiable deployment of ultra-high-power lithium battery systems for space and defense programs, hyperscale AI data centers, and telecom infrastructure OEMs, today announced that it has elected to pause its at-the-market (“ATM”) equity offering program with Cantor Fitzgerald and Craig-Hallum through June 30, 2026.

The Company maintains a strong balance sheet, carries no debt, and has sufficient liquidity to support planned operations and growth initiatives. During this period, KULR intends to prioritize execution across its core platforms, including ramping production of its KULR ONE Air products and advancing the development of its KULR ONE MAX battery backup solutions for AI data center and telecommunications applications.

About KULR Technology Group, Inc.
KULR Technology Group, Inc. (NYSE American: KULR) is an energy-management and reliability platform company delivering certifiable battery safety, vibration-mitigation, and thermal control solutions that enable ultra-high-power lithium-ion systems and sensitive electronics to operate reliably across space and defense missions, hyperscale AI data centers, telecom infrastructure and mobility applications.

Safe Harbor Statement
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 March 31, 2025, 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 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 based 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.

Investor Relations:
KULR Technology Group, Inc.
Phone: 858-866-8478 x 847
Email: [email protected]

KULR Media Relations:
M Group Strategic Communications (on behalf of KULR)
Email: [email protected]