- KULR Technology Group (KULR, Financial) announces a 1-for-8 reverse stock split effective June 23, 2025.
- The split aims to increase institutional investment by raising share prices, without changing the overall market capitalization.
- This strategic move is in anticipation of the Russell 3000 Index reconstitution.
KULR Technology Group, Inc. (KULR), a leader in sustainable energy management, has declared the commencement of a 1-for-8 reverse stock split, effective June 23, 2025. Post-split, the company’s shares will continue to trade under the symbol "KULR" on the NYSE-American, though they will feature a new CUSIP number. This consolidation aims to optimize the stock’s market positioning and attract institutional investors by increasing the share price, thereby potentially facilitating its inclusion in the Russell 3000 Index.
The reverse stock split will reduce KULR's outstanding shares from about 300 million to less than 40 million, while maintaining the par value at $0.0001 per share. CEO Michael Mo emphasized that this voluntary action is strategically designed to expand the shareholder base by meeting institutional buying parameters. It's important to note that the move is not to address liquidity issues but to enhance the company’s investment appeal.
Investors will experience uniform effects from the stock split, with fractional shares being rounded up to whole shares at the participant level. The adjustment will also apply proportionately to warrants and stock options. Despite the change in share count, there will be no impact on overall market capitalization or percentage ownership of existing stockholders. The adjustment serves as a bridge to broaden institutional accessibility and potentially reduce stock volatility through improved trading dynamics.