PANews reported on September 30th that, according to a U.S. Securities and Exchange Commission (SEC) filing, KULR lowered the maximum amount raised in its "controlled equity offering" (ATM) from $300 million to $150 million through a supplemental prospectus. The sales agents were Cantor and Craig-Hallum. The company sold 3,936,578 shares pursuant to the agreement, raising a total of $22,997,761. The common stock trades on the NYSE American under the symbol "KULR," with a closing price of $4.22 per share on September 29th. The company will pay the sales agent a commission of up to 3%, and such sales are considered "at the market offerings" under Rule 415(a)(4) of the Securities Act.PANews reported on September 30th that, according to a U.S. Securities and Exchange Commission (SEC) filing, KULR lowered the maximum amount raised in its "controlled equity offering" (ATM) from $300 million to $150 million through a supplemental prospectus. The sales agents were Cantor and Craig-Hallum. The company sold 3,936,578 shares pursuant to the agreement, raising a total of $22,997,761. The common stock trades on the NYSE American under the symbol "KULR," with a closing price of $4.22 per share on September 29th. The company will pay the sales agent a commission of up to 3%, and such sales are considered "at the market offerings" under Rule 415(a)(4) of the Securities Act.
KULR lowers ATM fundraising target to $150 million
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PANews reported on September 30th that, according to a U.S. Securities and Exchange Commission (SEC) filing, KULR lowered the maximum amount raised in its "controlled equity offering" (ATM) from $300 million to $150 million through a supplemental prospectus. The sales agents were Cantor and Craig-Hallum. The company sold 3,936,578 shares pursuant to the agreement, raising a total of $22,997,761. The common stock trades on the NYSE American under the symbol "KULR," with a closing price of $4.22 per share on September 29th. The company will pay the sales agent a commission of up to 3%, and such sales are considered "at the market offerings" under Rule 415(a)(4) of the Securities Act.
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