© Reuters.
SAN DIEGO – KULR Technology Group, Inc. (NYSE American: KULR), a company specializing in energy management technology, has been notified by the NYSE American LLC that their stock trading price has fallen below the required minimum. The notification, known as a deficiency letter, cites that KULR’s average stock price was under $0.20 over a 30-trading day period, which does not meet the Section 1003(f)(v) criteria of the NYSE American Company Guide.
The exchange has provided KULR with a deadline of August 12, 2024, to demonstrate a consistent improvement in the stock price or to execute a reverse stock split to regain compliance with the listing standards. The company has expressed its intention to resolve the stock price deficiency and comply with the continued listing requirements.
Currently, the receipt of the deficiency letter does not impact KULR’s common stock’s listing or trading on the exchange. Furthermore, it does not affect the company’s business operations or its reporting obligations to the U.S. Securities and Exchange Commission.
KULR Technology Group Inc. is recognized for its contributions to the electrification of the circular economy, providing thermal management technologies for batteries and electronic systems. The company’s suite of products and services is designed with efficiency and sustainability as core principles, catering to various customers across multiple industries.
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