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KULR Technology | 8-K: Current report

SEC announcement · Mar 27 10:49

KULR +2.35%

Summary by Moomoo AI

On March 27, 2024, KULR Technology Group, Inc., a sustainable energy management company, announced the retirement of all outstanding debt owed to Yorkville Advisors. The repayment aligns with the terms agreed upon by both parties. KULR's CEO, Michael Mo, highlighted the significance of this financial move, noting that it marks a transition from a thermal management solutions provider to the KULR ONE Design Solutions platform. The CEO expressed optimism about the company's future, citing new technologies and marketing initiatives aimed at expanding the K1-DS platform and adding new customers. KULR Technology Group, based in San Diego, California, is recognized for its role in advancing the electrification of the circular economy through its energy management solutions. The company's press release also included a Safe Harbor Statement, cautioning that the forward-looking statements are subject to risks and uncertainties.

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