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KULR Flat on News of Compliance
KULR Technology Group, Inc. (NYSE: KULR) shares barely budged first thing Monday. The company, a global leader in safe and high-performance energy storage solutions, today announced that last Wednesday, it received written notification from the NYSE American LLC stating that the Company has regained compliance with the NYSE American's continued listing standards set forth in Part 10 of the NYSE American Company Guide. Specifically, the Company has resolved the continued listing deficiency with respect to the low selling price of its common stock as described in Section 1003(f)(v) of the NYSE American Company Guide due to shares of its common stock demonstrating sustained price improvement.
"We are excited to receive this news from the NYSE American," said KULR CEO Michael Mo. "Our ongoing efforts to enhance stockholder value and optimize the Company's long-term public valuation remain steadfast."
KULR Technology Group is a leading energy management platform company offering proven solutions that play a critical role in accelerating the electrification of the circular economy.
This morning's news release also mentioned,“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.”
KULR shares were lower one cent, or 2.2%, to 45 cents.
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