KULR has reduced the ATM fundraising scale to 150 million USD.

PANews, September 30 news, according to documents from the U.S. Securities and Exchange Commission (SEC), KULR has reduced the fundraising limit for its “At-the-Market Offering” (ATM) through a supplemental prospectus from $300 million to $150 million, 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. Common stock trades on NYSE American under the code “KULR,” with a closing price of $4.22 per share on September 29. The company will pay the sales agents a commission of up to 3%, with such sales classified as “at the market offering” under Securities Law Rule 415(a)(4).