KULR Extends Equity Offering Pause to September 2026, Funds Growth via Bitcoin Sales
KULR•KULR Technology Group has extended its at-the-market equity offering pause through September 30, 2026, relying on existing liquidity and Bitcoin sales to avoid dilution. The company will allocate funds to scale its KULR ONE Space, ramp KULR ONE Air batteries and advance KULR ONE MAX AI data center backup systems.
1. ATM Program Extension
KULR Technology Group has officially extended the pause of its at-the-market equity offering program through September 30, 2026, shifting away from issuing shares at current market levels to protect shareholder interests.
2. Funding and Liquidity Strategy
The company plans to support operations and growth initiatives using existing cash reserves and selective sales of its Bitcoin holdings, implementing disciplined balance-sheet management rather than tapping equity markets.
3. Product Growth Priorities
Allocated funds will focus on scaling the KULR ONE Space architecture for human spaceflight safety, ramping production of KULR ONE Air batteries for drone applications and advancing KULR ONE MAX backup systems for AI data centers.
4. CEO Commentary
CEO Michael Mo emphasized that pausing the ATM offering safeguards shareholders from dilution and maintains the company’s focus on manufacturing advanced battery solutions and meeting customer demand.
