KULR Technology Group Extends At‑the‑Market Equity Offering Pause to September 2026

KULR Technology Group, Inc. (NYSE American: KULR) announced on June 26, 2026 that it will extend the pause on its at‑the‑market (ATM) equity offering program with Cantor Fitzgerald and Craig‑Hallum through September 30, 2026. The decision is part of the company’s non‑dilutive growth strategy.

Rationale for the Pause

The company cited disciplined balance‑sheet management and existing liquidity as sufficient to support its planned operations and growth initiatives. KULR stated that it will avoid issuing equity at current levels and, instead, may sell its Bitcoin holdings to fund key priorities. These priorities include:

  • Scaling the flagship KULR ONE Space (K1S) architecture, which provides scalable, standardized battery solutions that meet rigorous human spaceflight safety standards.
  • Increasing production of KULR ONE Air products for military and commercial drone applications.
  • Advancing the development of KULR ONE MAX battery backup solutions for AI data center and telecommunications applications.

Strategic Focus

The pause is intended to protect shareholders from dilution and allow the company to concentrate on building batteries and delivering them to customers. CEO Michael Mo emphasized that the company’s focus would remain on executing across its core platforms, as outlined in his recent letter to shareholders.

Company Profile

KULR Technology Group is an energy‑systems platform company that designs and manufactures safe, high‑power battery solutions for physical AI and other mission‑critical applications. Its KULR ONE® platform integrates advanced battery architecture, thermal management, safety engineering, battery management systems, and power electronics to serve markets such as space and defense, drones and electric aviation, AI data‑center backup, robotics, and Energy‑as‑a‑Service.

KULR is headquartered in Webster, Texas, and is scaling domestic production to meet the growing energy demands of physical AI and autonomous systems. The company’s website is www.kulrtechnology.com .

Financial Context

As of the close on June 25, 2026, KULR’s share price was $3.59. The company’s 52‑week high (July 7, 2025) reached $7.94, while its 52‑week low (April 1, 2026) fell to $1.94. The market capitalization stands at approximately $170.69 million. The price‑earnings ratio is negative at –2.41, reflecting the company’s ongoing investment in growth.