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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