KULR Technology Group has regained compliance with NYSE American listing standards, removing its noncompliance status effective December 17, 2024.
Quiver AI Summary
KULR Technology Group, Inc. announced that it has regained compliance with the NYSE American continued listing standards after previously being cited for non-compliance. The company demonstrated adherence to the necessary standards over two consecutive quarters, which allowed the removal of a compliance indicator as of December 17, 2024. This compliance confirmation eliminates KULR from the list of non-compliant issuers on the Exchange's website. KULR specializes in advanced energy storage solutions for sectors such as aerospace and defense, leveraging its in-house expertise and capabilities to deliver efficient products. Moving forward, the company will continue to be monitored under the Exchange's standard listing procedures.
Potential Positives
- The Company has regained compliance with all continued listing standards of NYSE American, which strengthens its market position.
- The removal of the compliance indicator signifies improved operational stability and governance.
- Being removed from the list of noncompliant issuers enhances the Company’s reputation and investor confidence.
- Demonstrated compliance for two consecutive quarters suggests effective management and operational performance improvements.
Potential Negatives
- The company had previously been cited for non-compliance with multiple sections of the NYSE American Company Guide, indicating a significant period of distress regarding its listing status.
- Despite regaining compliance, the company will remain under standard continued listing monitoring procedures, suggesting ongoing scrutiny that may impact investor confidence.
- The need to address compliance issues raises questions about the company's operational stability and management effectiveness in meeting regulatory standards.
FAQ
What recent compliance achievement did KULR Technology Group announce?
KULR Technology Group announced it has regained compliance with all NYSE American continued listing standards.
When was KULR Technology Group removed from the NYSE American noncompliant issuers list?
KULR was removed from the list effective December 17, 2024.
What specific issues did KULR address to regain compliance?
KULR demonstrated compliance with listing standards for two consecutive quarters as per Sections 1003(a)(i), (ii), and (iii).
Where can I find more information about KULR Technology Group?
Additional information can be found on their official website at www.kulrtechnology.com.
What are KULR’s main areas of expertise?
KULR specializes in advanced energy storage solutions for space, aerospace, and defense industries.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$KULR Hedge Fund Activity
We have seen 16 institutional investors add shares of $KULR stock to their portfolio, and 21 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ENZI WEALTH added 500,000 shares (+inf%) to their portfolio in Q3 2024
- GEODE CAPITAL MANAGEMENT, LLC added 479,026 shares (+44.5%) to their portfolio in Q3 2024
- MILLENNIUM MANAGEMENT LLC removed 288,426 shares (-68.1%) from their portfolio in Q3 2024
- BRIDGEWAY CAPITAL MANAGEMENT, LLC removed 198,700 shares (-100.0%) from their portfolio in Q2 2024
- JANE STREET GROUP, LLC removed 172,357 shares (-100.0%) from their portfolio in Q3 2024
- VIRTU FINANCIAL LLC added 100,885 shares (+inf%) to their portfolio in Q3 2024
- SUSQUEHANNA INTERNATIONAL GROUP, LLP added 79,104 shares (+inf%) to their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
HOUSTON, Dec. 18, 2024 (GLOBE NEWSWIRE) --
KULR Technology Group, Inc.
(NYSE American: KULR) (the "Company" or "KULR"), a leader in advanced energy management platforms, announced it has received official notice from the NYSE American LLC (the “Exchange”) confirming that the Company has regained compliance with all continued listing standards set forth in Part 10 of the NYSE American Company Guide (the “Company Guide”).
The Company had previously been cited for non-compliance with Sections 1003(a)(i), (ii) and (iii) of the Company Guide, as detailed in the Exchange’s letter dated December 20, 2023. To resolve the deficiency, the Company has since demonstrated compliance with the applicable standards for two consecutive quarters, pursuant to Section 1009(f) of the Company Guide, and no further deficiencies remain outstanding.
Accordingly, the below compliance (“.BC”) indicator was removed, effective at the opening of trading on December 17, 2024. The Company was also removed from the list of NYSE American noncompliant issuers on the Exchange’s website. Moving forward, the Company will remain subject to the Exchange’s standard continued listing monitoring procedures.
For more information, visit
www.kulrtechnology.com
.
About KULR Technology Group Inc.
KULR Technology Group Inc. (NYSE American: KULR) delivers cutting edge energy storage solutions for space, aerospace, and defense by leveraging a foundation of in-house battery design expertise, comprehensive cell and battery testing suite, and battery fabrication and production capabilities. The Company’s holistic offering allows delivery of commercial-off-the-shelf and custom next generation energy storage systems in rapid timelines for a fraction of the cost compared to traditional programs. For more information, please visit
www.kulrtechnology.com
.
Safe Harbor Statement
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 April 12, 2024, as may be amended or supplemented by other reports we file 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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