Business UpdateJun 26, 2026, 08:31 AM
KULR Pauses ATM Offering, May Sell Bitcoin for Growth
AI Summary
KULR Technology Group announced an extension of the pause on its at-the-market (ATM) equity offering program until September 30, 2026. This decision is part of the company's non-dilutive growth strategy, aiming to protect shareholders from further equity dilution. KULR plans to fund its operations and growth initiatives, including scaling its KULR ONE Space, KULR ONE Air, and KULR ONE MAX product lines, by utilizing existing liquidity and potentially selling its Bitcoin holdings.
Key Highlights
- KULR extended the pause of its at-the-market (ATM) equity offering program through September 30, 2026.
- Company expects existing liquidity and balance-sheet management to support operations.
- KULR may sell Bitcoin holdings to fund growth instead of issuing equity.
- Priorities include scaling KULR ONE Space architecture for human spaceflight.
- Ramping production of KULR ONE Air products for military and commercial drones.
- Advancing KULR ONE MAX battery backup solutions for AI data centers and telecom.
- CEO stated the move protects shareholders from dilution.
Price Impact
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