KULR to Consolidate Shares as Part of Broader Market Positioning Strategy

Core Points - KULR Technology Group, Inc. will implement a 1-for-8 reverse stock split effective June 23, 2025, to optimize market dynamics and broaden investor appeal [1][2][3] - The reverse stock split will reduce the number of outstanding shares from approximately 300 million to less than 40 million [4] Company Strategy - The reverse stock split aims to position KULR for broader institutional participation and enhance long-term shareholder value, particularly in light of the upcoming Russell 3000 Index reconstitution [3] - The company believes that a higher share price will facilitate inclusion in institutional portfolios and trading platforms with minimum price thresholds [3] Stockholder Impact - The reverse stock split will not change the par value of KULR's common stock, which remains at $0.0001 per share, and will not alter any stockholder's percentage interest in the company's equity, except for fractional shares [3] - Fractional shares will not be issued; instead, stockholders will receive additional shares to round up to a full share [3] Company Overview - KULR Technology Group is a Bitcoin First Company specializing in energy storage solutions for space, aerospace, and defense, leveraging in-house battery design and production capabilities [6] - Since late 2024, KULR has included bitcoin as a primary asset in its treasury program, committing to allocate up to 90% of its cash for bitcoin acquisition [6]