KULR Announces Reverse Stock Split to Enhance Market Position
KULR Technology Group Announces Reverse Stock Split
KULR Technology Group, Inc. (NYSE American: KULR) is set to implement an exciting change in the form of a 1-for-8 reverse stock split of its outstanding common stock. This pivotal decision will take effect starting from when trading commences on June 23, 2025. This move exemplifies KULR’s ongoing commitment to maintaining a robust position in the sustainable energy sector.
Understanding the Reverse Stock Split
This reverse stock split means that shareholders will see every 8 shares they currently hold transformed into 1 share. Although this may sound alarming, it is actually a strategic maneuver aimed at optimizing market conditions. It reflects a broader strategy to attract institutional investors who often have minimum price thresholds for inclusion in their portfolios.
Aiming for Broader Appeal
Michael Mo, the CEO of KULR, recently expressed his confidence in this approach, emphasizing that greater share prices could provide countless opportunities for the company. Greater accessibility for institutional investors has been a key goal, as this action aligns with initiatives to increase the overall shareholder value with more robust trading appeal.
Reasons Behind the Move
This decision arises from KULR’s desire to boost its investor base and attract new interest. With shares currently experiencing solid liquidity, the reverse stock split should enhance market dynamics further. In addition, with the upcoming reconstitution of the Russell 3000 Index, a rise in share price is anticipated to make KULR an appealing choice for inclusion.
What Changes for Shareholders?
As a result of the reverse stock split, while the total number of shares will drop from approximately 300 million to less than 40 million, the par value of KULR’s common stock will remain unchanged at $0.0001 per share. This uniform adjustment ensures that no shareholder will lose their percentage interest in KULR’s equity, apart from any fractional shares that may arise from the split.
Addressing Fractional Shares
In instances where stockholders end up with fractional shares, KULR will not issue these fractions. Instead, the company will issue an additional fraction of a share, thus ensuring that shareholders receive full shares wherever possible. This thoughtful approach aims to maintain common equity ownership in a streamlined manner.
Agent for the Split Process
KULR has appointed Vstock Transfer as the exchange and transfer agent responsible for overseeing the reverse stock split. When the split occurs, stockholders with shares held in book-entry form or through brokerage accounts are not required to take any action. They should direct any queries to their respective banks or brokers for help regarding the process.
About KULR Technology Group Inc.
KULR Technology Group Inc. is at the forefront of sustainable energy solutions in a variety of sectors, including aerospace and defense. With groundbreaking expertise in battery design and testing, KULR not only caters to industry needs but also incorporates Bitcoin into its treasury strategy. The company's commitment to allocating up to 90% of its cash reserves for Bitcoin acquisition signifies its forward-thinking approach in a rapidly evolving market landscape.
Connect with KULR
To learn more about KULR and its innovative offerings, you can explore various social media platforms and their website.
Frequently Asked Questions
What is a reverse stock split?
A reverse stock split consolidates shares of a company, increasing the share price while reducing the total number of shares outstanding.
When will the reverse stock split take effect?
The reverse stock split for KULR is scheduled to be effective on June 23, 2025, at the commencement of trading.
What are the benefits of a reverse stock split?
It can make the stock more appealing to institutional investors and improve trading conditions which could enhance shareholder value.
What will happen to fractional shares after the split?
KULR will issue full shares in place of fractional shares to ensure fair distribution among stakeholders.
How can shareholders find out more information?
Shareholders can contact their brokers or consult KULR’s investor relations for detailed procedural guidance regarding the reverse stock split.
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