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KULR Cuts At-the-Market Offering Cap to $150 Million

KULR has lowered its ATM offering cap following a $23 million raise from prior share sales, with Cantor and Craig-Hallum as sales agents.

Summary

KULR has reduced its at-the-market (ATM) offering cap from $300 million to $150 million, as reported in a U.S. SEC filing. The company has sold 3,936,578 shares, raising approximately $23 million in proceeds. Sales agents Cantor and Craig-Hallum will earn up to a 3% commission, and the offering is classified under Rule 415(a)(4).

Terms & Concepts
  • At-the-Market (ATM) Offering: A type of stock offering in which shares are sold directly into the open market over time at prevailing market prices.
  • Rule 415(a)(4): A U.S. SEC regulation that governs the distribution of securities through continuous or delayed offerings, such as at-the-market programs.