KULR lowers ATM fundraising scale to $150 million

ChainCatcher news, according to SEC filings, KULR has lowered the fundraising cap for its "At-the-Market Offering" (ATM) from $300 million to $150 million through a supplemental prospectus, with sales agents Cantor and Craig-Hallum.

The company has sold 3,936,578 shares under this agreement, raising a total of $22,997,761. The common stock trades on NYSE American under the ticker "KULR," with a closing price of $4.22 per share. The company will pay the sales agents a commission of up to 3%, with such sales classified as "at the market offering" under Securities Act Rule 415(a)(4).