KULR Technology Group announces a 1-for-8 reverse stock split effective June 23, 2025, to enhance institutional investor appeal.
Quiver AI Summary
KULR Technology Group, Inc. announced a 1-for-8 reverse stock split of its outstanding common stock, effective June 23, 2025. This move aims to optimize market dynamics, broaden investor appeal, and align the stock's trading conditions with investors' best interests, particularly as the company considers potential inclusion in institutional portfolios during the upcoming Russell 3000® Index reconstitution. CEO Michael Mo emphasized that the split is intended to enhance institutional participation and long-term shareholder value. After the split, the number of shares will decrease from approximately 300 million to less than 40 million, with no fractional shares issued. The company’s stock will continue to trade under the symbol "KULR" on the NYSE-American Market.
Potential Positives
- KULR Technology Group is undergoing a 1-for-8 reverse stock split to optimize market dynamics and broaden investor appeal, enhancing its position for institutional participation.
- The reverse stock split is aimed at increasing the share price, potentially allowing for inclusion in institutional portfolios and trading platforms with minimum price thresholds.
- The action is expected to reduce the number of outstanding shares significantly, from approximately 300 million to less than 40 million, which may improve the stock's perceived value.
- KULR's strategic focus on bitcoin as a primary asset in its treasury program aligns with current market trends, potentially increasing investor interest and support for the company.
Potential Negatives
- A reverse stock split may signal underlying issues with the company's stock price, potentially leading to concerns among investors about overall company health.
- The decision to engage in a reverse stock split could be interpreted as a strategy to artificially inflate share price, which may undermine investor confidence.
- The announcement does not provide clear assurances of improved performance or growth following the split, which could lead to skepticism regarding future value creation.
FAQ
What is a 1-for-8 reverse stock split?
A 1-for-8 reverse stock split means every 8 shares will be consolidated into 1 share, increasing the share price.
When will the reverse stock split take effect?
The reverse stock split will take effect on June 23, 2025, for trading purposes.
Why is KULR implementing a reverse stock split?
KULR aims to broaden investor appeal and align share price with institutional buying criteria.
Will existing shareholders be affected by the stock split?
Yes, the stock split will affect all shareholders, but their overall ownership percentage will remain the same.
How will the reverse stock split impact trading on NYSE?
KULR will continue trading under the symbol “KULR” on NYSE American with a new CUSIP number post-split.
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 Hedge Fund Activity
We have seen 71 institutional investors add shares of $KULR stock to their portfolio, and 33 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- MILLENNIUM MANAGEMENT LLC added 1,524,032 shares (+611.5%) to their portfolio in Q1 2025, for an estimated $2,011,722
- SUSQUEHANNA INTERNATIONAL GROUP, LLP added 996,197 shares (+161.3%) to their portfolio in Q1 2025, for an estimated $1,314,980
- MARSHALL WACE, LLP added 773,787 shares (+1391.7%) to their portfolio in Q1 2025, for an estimated $1,021,398
- SQUAREPOINT OPS LLC added 698,598 shares (+3610.5%) to their portfolio in Q1 2025, for an estimated $922,149
- CETERA INVESTMENT ADVISERS added 563,549 shares (+inf%) to their portfolio in Q1 2025, for an estimated $743,884
- ENZI WEALTH removed 500,000 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $1,775,000
- PEAK6 LLC added 440,400 shares (+inf%) to their portfolio in Q1 2025, for an estimated $581,328
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
HOUSTON, June 13, 2025 (GLOBE NEWSWIRE) --
KULR Technology Group, Inc.
(NYSE American: KULR) (the "Company" or "KULR"), a Bitcoin First Company and global leader in sustainable energy management, announced today that it will effect a 1-for-8 reverse stock split of its outstanding common stock. This will be effective for trading purposes as of the commencement of trading on June 23, 2025. KULR’s common stock will continue to trade on the NYSE-American Market under the symbol “KULR” and under a new CUSIP number.
The noncompulsory decision to implement this stock split reflects the Company’s aim to optimize market dynamics, broaden investor appeal and accessibility, and align the stock’s trading conditions with the best interests of its investors.
KULR CEO Michael Mo commented, “KULR is implementing a reverse stock split to better position itself for broader institutional participation and long-term shareholder value. While our shares already trade with ample liquidity, we believe that a higher share price will allow us to take advantage of potential inclusion in institutional portfolios and trading platforms that have minimum price thresholds, particularly as we approach the upcoming
Russell 3000
®
Index reconstitution
later this month. We think this action optimizes alignment with preferred institutional buying parameters with the goal of broadening our shareholder base.”
As a result of the reverse stock split, every 8 pre-split shares of common stock outstanding will become one share of common stock. The par value of KULR’s common stock will remain unchanged at $0.0001 per share after the reverse stock split. The reverse stock split will not change the authorized number of shares of KULR’s common stock. The reverse stock split will affect all stockholders uniformly and will not alter any stockholder's percentage interest in KULR’s equity, except to the extent that the reverse stock split results in some stockholders owning a fractional share. No fractional shares will be issued in connection with the reverse stock split. Instead, in lieu of any fractional shares to which a stockholder of record would otherwise be entitled as a result of the reverse stock split, the Company will issue to such stockholder, at the participant level, such additional fraction of a share as is necessary to increase such resulting fractional share to a full share of common stock. The reverse stock split will also apply to common stock issuable upon the exercise of the Company’s outstanding warrants and stock options, with a proportionate adjustment to the exercise prices thereof, and under KULR’s equity incentive plan.
The reverse stock split will reduce the number of shares of common stock issued and outstanding from approximately 300 million to approximately less than 40 million.
Vstock Transfer
is acting as the exchange agent and transfer agent for the reverse stock split. Stockholders holding their shares in book-entry form or in brokerage accounts need not take any action in connection with the reverse stock split. Beneficial holders are encouraged to contact their bank, broker or custodian with any procedural questions.
About KULR Technology Group Inc.
KULR Technology Group Inc. (NYSE American: KULR) is a Bitcoin First Company that delivers cutting edge energy storage solutions for space, aerospace, and defense by leveraging a foundation of in-house battery design expertise, comprehensive cell and battery testing suite, and battery fabrication and production capabilities. The Company’s holistic offering allows delivery of commercial-off-the-shelf and custom next generation energy storage systems in rapid timelines for a fraction of the cost compared to traditional programs. Since late 2024, KULR has included bitcoin as a primary asset in its treasury program and committed to allocating up to 90% of its cash to the acquisition of bitcoin.
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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:
ir@kulr.ai
KULR Media Relations:
M Group Strategic Communications (on behalf of KULR)
Email:
kulr@mgroupsc.com
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
