KULR Technology Group announced it will effect a 1-for-8 reverse stock split of its outstanding common stock, 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' with a new CUSIP number.
This noncompulsory decision 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 stated that a higher share price will allow the company to take advantage of potential inclusion in institutional portfolios and trading platforms that have minimum price thresholds.
The reverse stock split will reduce the number of shares of common stock issued and outstanding from approximately 300 million to less than 40 million. It will affect all stockholders uniformly and will not alter any stockholder's percentage interest in KULR’s equity, with fractional shares being rounded up to a full share.
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