Very nice! Make way for a more profitable company!
$KULR Technology (KULR.US)$ KULR Retires All Outstanding Yorkville Debt
SAN DIEGO, March 27, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today announced that all outstanding debt owed to Yorkville Advisors ("Yorkville") has been retired in accordance with their terms.
"Retiring the outstanding Yorkville debt is a significant step for the Company," said KULR's CEO, Michael Mo. "The net proceeds from the financing helped fund our migration from a thermal management solutions provider to our current KULR ONE Design Solutions ("K1-DS") platform. I view it as a very positive step that we can once again say that we carry no debt on our balance sheet, other than normal course payables and financing arrangements."
Mo continued, "We remain excited about our outlook as we drive to deliver new, innovative technologies and creative marketing initiatives to further expand the reach of our K1-DS platform, while adding new customers in 2024 and beyond."
SAN DIEGO, March 27, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today announced that all outstanding debt owed to Yorkville Advisors ("Yorkville") has been retired in accordance with their terms.
"Retiring the outstanding Yorkville debt is a significant step for the Company," said KULR's CEO, Michael Mo. "The net proceeds from the financing helped fund our migration from a thermal management solutions provider to our current KULR ONE Design Solutions ("K1-DS") platform. I view it as a very positive step that we can once again say that we carry no debt on our balance sheet, other than normal course payables and financing arrangements."
Mo continued, "We remain excited about our outlook as we drive to deliver new, innovative technologies and creative marketing initiatives to further expand the reach of our K1-DS platform, while adding new customers in 2024 and beyond."
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