18 unchanged sentences
future issuance under equity
−Removed: exercise price of
compensation plans
−Removed: outstanding options,
−Removed: outstanding options,
(excluding securities
+Added: outstanding options,
+Added: warrants and rights
+Added: warrants and rights
Plan Category
8 unchanged sentences
Recent Sales of Unregistered Securities
−Removed: During the year ended December 31, 2021, KULR issued an aggregate of 698,600 shares of our common stock upon conversion of 13,972 shares of our Series B Preferred Stock.
−Removed: During the year ended December 31, 2021, KULR issued an aggregate of 3,170,730 shares of our common stock upon conversion of 650 shares of our Series D Preferred Stock.
−Removed: During the year ended December 31, 2021, KULR issued an aggregate of 6,793,358 shares of our common stock upon the exercise of warrants.
−Removed: During the year ended December 31, 2021, KULR issued an aggregate of 20,000 shares of our common stock to certain consultants for services.
−Removed: During the year ended December 31, 2021, KULR issued as incentive shares to its employees, an aggregate of 2,677,744 shares of our restricted common stock, of which, 117,744 shares were cancelled subsequent to December 31, 2021.
+Added: Pursuant to an Asset Purchase Agreement the Company executed with Vibetech and Norman Serrano on October 6, 2022, the Company will issue shares of common stock of the Company to Vibetech, valued at $1,500,000 as of October 6, 2022.
+Added: The Company will issue the shares to Vibetech in four equal installments on each anniversary from October 6, 2022, including on the following dates:
+Added: (i) October 6, 2023, (ii) October 6, 2024, (iii) October 6, 2025, and (iv) October 6, 2026.
All of the previously described issuances of securities were made pursuant to the exemption from registration at Section 4(a)(2) and/or Rule 506 of Regulation D under the Securities Act for either transactions not involving a public offering or for transactions with an “accredited investor” as defined under the Securities Act.
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.