KULR Technology Group, Inc.

KULR Technology Group announced the extension of its at-the-market (ATM) equity offering program pause through September 30, 2026. This decision aligns with the company's non-dilutive growth strategy, aiming to protect shareholders from dilution. KULR plans to fund its operations and growth initiatives, including its KULR ONE Space, Air, and MAX products, potentially through the sale of its Bitcoin holdings.

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.

KULR Technology Group, Inc. CEO Michael Mo issued a Letter to Shareholders detailing the company's strategic vision, platform development, and business outlook. The letter emphasizes the concept of "battery as infrastructure" for the physical AI era, powered by the KULR ONE platform. KULR is targeting five key end markets: Space & Defense, Low Altitude Economy, AI Data Center Backup, Energy as a Service, and Robotics, with significant market growth projected for each. The company reported strong Q1 progress with nearly doubled revenue, sharp product sales growth, expanded gross margin, and reduced operating expenses.

KULR Technology Group's CEO, Michael Mo, published a letter to shareholders outlining the company's strategic vision centered on 'battery as infrastructure' for the physical AI era. The letter details the KULR ONE platform's role in enabling ultra-high-power lithium battery systems across five key end markets: Space & Defense, Low Altitude Economy, AI Data Center Backup, Energy as a Service, and Robotics. Mo highlighted strong Q1 2026 progress, with revenue nearly doubling year-over-year, sharp product sales growth, expanded gross margins, and reduced operating expenses, affirming the company's commitment to building and selling more batteries with discipline.

KULR Technology Group, Inc. announced significant management changes, appointing Dr. Michael Philip Kimel as Chief Financial Officer and Mr. Steven Perez as an independent member of the Board of Directors. Dr. Kimel resigned from the Board to assume the CFO role, receiving a $350,000 base salary and an upcoming equity award. Mr. Perez, with extensive sales and marketing experience, joins the Board and will chair the Audit Committee, receiving $120,000 annually for his services.

KULR Technology Group announced the appointments of Dr. Michael Kimel as Chief Financial Officer and Steven Perez as a new independent Board member, both effective June 9, 2026. Dr. Kimel, who previously served as Audit Committee Chair, resigned from the Board upon his CFO appointment. He brings over 30 years of experience in financial strategy and profitability improvement. Mr. Perez, with 25 years of sales and go-to-market leadership from major technology companies, is expected to help scale KULR's advanced battery systems.

KULR Technology Group, Inc. announced a prototype development and fabrication agreement with a U.S.-based defense drone manufacturer. Under the agreement, KULR will design, develop, test, and deliver prototype lithium-ion battery packs for unmanned aerial vehicles and handheld controllers, establishing itself as a qualified battery source for the customer's platform. This initiative supports the Pentagon's Drone Dominance program and positions KULR within the rapidly growing domestic drone production sector, with the global drone battery market projected to reach $45.64 billion by 2035.

KULR Technology Group announced that Shawn Canter's employment with its wholly owned subsidiary, KULR Technology Corporation, will terminate, leading to his resignation as Chief Financial Officer of the Company, effective May 22, 2026. The company entered into a Separation Agreement and General Release with Mr. Canter, which includes customary protections and a mutual release of claims. Under the agreement, Mr. Canter will receive accrued salary, unused paid time off, and expense reimbursements, and will be compensated at $300 per hour for cooperation on company matters post-separation.

KULR Technology Group reported its first quarter 2026 financial results, showing a 98% increase in revenue to $4.85 million and an improved gross margin of 29%. The company also reduced SG&A and R&D expenses, leading to a 22% decrease in operating loss. However, the net loss significantly increased to $28.12 million, primarily due to a $20.77 million non-cash mark-to-market loss on its bitcoin holdings. The company held a cash balance of $19.0 million as of May 13, 2026.

KULR Technology Group reported a significant increase in revenue and gross profit for the first quarter of 2026. Revenue nearly doubled to $4.85 million, and gross profit surged by 587.8%. However, the company's net loss widened to $(28.12) million, primarily due to a substantial $(20.77) million expense from the change in fair value of digital assets. The cash balance decreased, and the company took on a $5.00 million loan payable during the quarter, while also recognizing $1.37 million in grant revenue.