0001104659-24-033263.txt : 20240312 0001104659-24-033263.hdr.sgml : 20240312 20240312083017 ACCESSION NUMBER: 0001104659-24-033263 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20240312 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240312 DATE AS OF CHANGE: 20240312 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KULR Technology Group, Inc. CENTRAL INDEX KEY: 0001662684 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC COMPONENTS & ACCESSORIES [3670] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 811004273 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-40454 FILM NUMBER: 24740295 BUSINESS ADDRESS: STREET 1: 4863 SHAWLINE STREET CITY: SAN DIEGO STATE: CA ZIP: 92111 BUSINESS PHONE: 408-663-5247 MAIL ADDRESS: STREET 1: 4863 SHAWLINE STREET CITY: SAN DIEGO STATE: CA ZIP: 92111 FORMER COMPANY: FORMER CONFORMED NAME: KT High-Tech Marketing Inc. DATE OF NAME CHANGE: 20160420 FORMER COMPANY: FORMER CONFORMED NAME: Grant Hill Acquisition Corp DATE OF NAME CHANGE: 20151231 8-K 1 tm248507d1_8k.htm FORM 8-K
false 0001662684 0001662684 2024-03-12 2024-03-12 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

Form 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): March 12, 2024

 

KULR TECHNOLOGY GROUP, INC.
(Exact name of the registrant as specified in its charter)

  

Delaware   001-40454   81-1004273
(State or other jurisdiction of
incorporation)
 

(Commission

File Number)

  (IRS Employer Identification
No.)

 

4863 Shawline Street, San Diego, California 92111

(Address of principle executive offices) (Zip code)

 

Registrant’s telephone number, including area code: (408) 663-5247

 

(Former name or address if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
¨ Soliciting material pursuant to Rule 14A-12 under the Exchange Act (17 CFR 240.14a-12)
   
¨ Pre-commencement communications pursuant to Rule 14D-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of Each Class   Trading Symbol(s)   Name of Each Exchange on Which Registered
Common Stock   KULR   NYSE American LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2).

 

Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

  

 

 

 

Item 7.01 Regulation FD Disclosure

 

On March 12, 2024, KULR Technology Group, Inc. (the “Company” or “KULR”) issued a press release announcing that the United States Department of Transportation (“DoT”) recently granted Special Permit 21693 and Special Permit 21704 to the Company. The new special permits cover transportation of damaged, defective, or recalled (“DDR”) batteries as well as end-of-life (“EOL”) batteries to include the critical area of battery disposal and recycling.

 

A copy of the above-mentioned press release is attached herewith as Exhibit 99.1.

 

By filing this Current Report on Form 8-K and furnishing the information contained herein, the Company makes no admission as to the materiality of any information in this report that is required to be disclosed solely by reason of Regulation FD. The Company uses, and will continue to use, its website, press releases, and various social media channels, including its Twitter account (twitter.com/kulrtech), its LinkedIn account (linkedin.com/company/kulr-technology-corporation), its Facebook account (facebook.com/KULRTechnology), its TikTok account (tiktok.com/Kulr_tech), its Instagram account (instagram.com/Kulr_tech), and its YouTube account (youtube.com/channel/UC3wZBPINQd51N6p35Mo5uQg), as additional means of disclosing public information to investors, the media and others interested in the Company. It is possible that certain information that the Company posts on its website, disseminated in press releases and on social media could be deemed to be material information, and the Company encourages investors, the media and others interested in the Company to review the business and financial information that the Company posts on its website, disseminates in press releases and on the social media channels identified above, as such information could be deemed as material information.

 

The information in this Item 7.01 disclosure, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under that Section. In addition, the information in this Item 7.01 disclosure, including Exhibits 99.1, shall not be incorporated by reference into the filings of the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

 

Item 9.01 Exhibits

 

Exhibit
No.
  Description
99.1   Press Release dated March 12, 2024
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

   

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on behalf of the undersigned hereunto duly authorized.

 

  KULR TECHNOLOGY GROUP, INC.
   
Date: March 12, 2024 By: /s/ Michael Mo
    Michael Mo
    Chief Executive Officer

 

 

 

EX-99.1 2 tm248507d1_ex99-1.htm EXHIBIT 99.1

Exhibit 99.1

 

A black and white sign

Description automatically generated with low confidence

 

KULR Secures New Special Permits from the United States Department of Transportation Related to its Patented SafeX Product Suite, Including SafeCASE™ and SafeSLEEVE™

 

SAN DIEGO / GLOBENEWSWIRE / March 12, 2024 / KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today announced that the United States Department of Transportation (“DoT”) recently granted Special Permit 21693 and Special Permit 21704 to the Company. The new special permits cover transportation of damaged, defective, or recalled (“DDR”) batteries as well as end-of-life (“EOL”) batteries to include the critical area of battery disposal and recycling, paving the way for safer and more sustainable battery recovery and reuse practices. The DoT's approval of these special permits validates the safety standards and reliability of KULR's SafeCASE™ product for transporting and storing lithium-ion batteries which is expected to generate additional opportunities for KULR with both existing and new customers in various industries.

 

Securing both Special Permit 21693 for DDR and Special Permit 21704 for EOL enables KULR to further deploy its innovative SafeCASE™ technology, addressing the pressing need for responsible battery management amidst the rising utilization of batteries across diverse industries. Both Special Permits will open new doors for the Company to support industries and consumers in managing batteries at their end of life or when they become damaged or defective, in a manner that is both safe and compliant with regulations. Previously, KULR partnered with Clarios, the largest global producer of lead acid batteries, providing its SafeCASE™ transportation solution for a U.S. Department of Energy lithium battery lifecycle initiative to develop the manufacturing and re-use of lithium-ion batteries and their chemical elements in the United States for the purpose of domestic national interest.

 

Recently, the Company announced a collaboration with Charlotte, North Carolina-based battery recycler Cirba Solutions. The collaboration remains focused on developing a safe transportation platform for original equipment manufacturers to store and transport prototype, EOL, and DDR lithium-ion batteries up to 2.5-kilowatt hours by using KULR’s SafeCASE™ product and Cirba’s nationwide logistics and recycling services.

 

KULR's commitment to battery safety and sustainability is in line with global efforts to promote the responsible use and disposal of lithium-ion batteries. As legislation and environmental awareness continue to drive the shift towards electric-powered solutions and the need for efficient recycling processes, KULR stands at the forefront, ready to meet these challenges with innovative and reliable technologies. According to research firm EMR, the global market for battery recycling is expected to grow at a CAGR of 7.80% between 2024 and 2032 to reach a value of USD 24.04 billion by 2032.

 

About KULR Technology Group Inc.
KULR Technology Group Inc. (NYSE American: KULR) is a leading energy management platform company offering proven solutions that play a critical role in accelerating the electrification of the circular economy. Leveraging a foundation in developing, manufacturing, and licensing next-generation carbon fiber thermal management technologies for batteries and electronic systems, KULR has evolved its holistic suite of products and services to enable its customers across disciplines to operate with efficiency and sustainability in mind. For more information, please visit www.kulrtechnology.com.

 

Safe Harbor Statement   
This press release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed with the Securities and Exchange Commission on March 28, 2023, as may be amended or supplemented by other reports we filed with the Securities and Exchange Commission from time to time. Forward-looking statements include statements regarding our expectations, beliefs, intentions, or strategies regarding the future and can be identified by forward-looking words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” and “would” or similar words. All forecasts are provided by management in this release are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, the forecasts are entirely on management’s best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.  

 

Investor Relations:

KULR Technology Group, Inc.

Phone: 858-866-8478 x 847

Email: ir@kulrtechnology.com

 

 

 

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