Sichenzia Ross Ference LLP Represents KULR Technology Group, Inc. in $6.5 Million Registered Direct Offering
Press Release – New York, NY – May 27, 2021 – Sichenzia Ross Ference LLP announced today that it represented KULR Technology Group, Inc. (OTCQB: KULR) (Company), in a registered direct offering with a single institutional investor that purchased 650 shares of Preferred Stock that are convertible into shares of the Company’s common stock at a fixed price of $2.05 per share, Warrants to purchase up to 2,600,000 shares of common stock at an exercise price of $2.50 per share, and 1,300,000 shares of common stock as a commitment fee. The gross proceeds for the offering were $6.5 million.
The Sichenzia Ross Ference LLP team was led by partners Jay Yamamoto, Darrin M. Ocasio, associate Mayank Pradhan and law clerk Zachary Weiss.
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Sichenzia Ross Ference LLP is a full service law firm with a nationally recognized corporate, securities and litigation practice that provides experienced representation in all matters involving the securities industry. In addition to handling routine to complex commercial matters, SRF’s renowned litigation department specializes in defending companies and individuals against all types of securities cases, including class action lawsuits, shareholder derivative actions, and matters involving allegations of fraud, misrepresentation or other securities violations. The litigation team has also brought defamation lawsuits against companies and individuals related to market manipulation. Additionally, it represents individuals and companies in investigations by the Securities and Exchange Commission (SEC) and other regulatory bodies. The litigation team has a robust practice representing brokers and broker-dealers in arbitrations before the Financial Industry Regulatory Authority (FINRA). These arbitrations typically involve claims of unsuitability, churning, unauthorized trading and other allegations of broker misconduct. Finally, SRF has a burgeoning expungement practice, where it represents brokers seeking to have negative and harmful customer complaints removed from their industry records. The firm complements its core practice areas with an established commercial real estate and trusts and estates practice.
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