KULR Technology Group, Inc. 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds In the three months ended September 30, 2020, we issued 25,758 shares of common stock upon conversion of 515 shares of our Series B Convertible Preferred Stock. In the three months ended September 30, 2020, we issued 56,777 shares of common stock upon conversion of 5.11 shares of our Series C Convertible Preferred Stock. Subsequent to September 30, 2020, we issued 60,000 shares of common stock to a consultant, which are subject to clawback, at the sole discretion of our Board of Directors, in the event certain milestones are not achieved. Subsequent to September 30, 2020, we issued 76,453 shares of restricted common stock in satisfaction of $100,000 of accrued issuable equity, pursuant to a services agreement. Each of the foregoing transactions was exempt from the registrations requirements of the Securities Act of 1933, as amended, pursuant to Section 4(a)(2) thereof. In the alternative, the common stock issued upon the exercise of conversion rights is an exempt security pursuant to Section 3(a)(9) of the Securities Act of 1933, as amended. . Item 3. Defaults Upon Senior Securities None. Item 4. Mine Safety Disclosures Not applicable.