KULR has revised its fundraising target for its at-the-market (ATM) offering, lowering the maximum amount from $300 million to $150 million, according to a recent SEC filing. The adjustment was made through a supplemental prospectus, with Cantor and Craig-Hallum acting as sales agents. To date, KULR has sold 3,936,578 shares, raising approximately $22.99 million.
The company's common stock, trading under the symbol "KULR" on the NYSE American, closed at $4.22 per share on September 29th. Under the terms of the offering, KULR will pay the sales agents a commission of up to 3%, with the sales classified as "at the market offerings" under Rule 415(a)(4) of the Securities Act.
KULR Reduces ATM Fundraising Target to $150 Million
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