Kull Technology Group, Inc. (Nyse American: Kull) has announced that he has entered into a controlled equity that offers a sales agreement with Cantor Fitzgerald & Co. and Craig-Hallum Capital Group LLC, allowing the company to sell up to $ 300 million ordinary shares in a market-market (ATM) that they offered in support of his reserve of Bitcoin.
Based on the agreement, Cantor Fitzgerald will act as a single sales agent, using commercially reasonable efforts to sell actions at market prices. The offer will be made on the basis of an existing shelves registration and can occur from time to time based on the market conditions and the discretion of the company.
As of June 6, 2025, Kull’s ordinary shares were exchanged at $ 1.18 per share. The total number of shares issued pursuant to the agreement will not exceed the authorized but not issued actions of the company, after taking into account the actions already confidential or committed.
“Our ordinary actions are listed and exchanged on the Nyse American LLC with the” Kull “symbol, said the deposit.
Kull will pay a commission to the sales agents of up to 3.0% of gross sales proceeds. The agents are considered subscribers pursuant to the 1933 Securities Act and Kull agreed to compensate them against some liabilities.
“Our activity and an investment in our ordinary actions involve significant risks,” said the deposit. “These risks are described in the” risk factors “of the caption that begin on the S-6 page of this supplement and the risk factors incorporated for reference to the present supplement of the prospectus and the accompanying basic prospectus.”
Kull began to adopt Bitcoin as reserve of the main treasure reserve in December 2024. Their strategy focuses on the acquisition and possession of Bitcoin using cash flows that exceed the requirements of the circulating capital, issuing stock debt securities or collecting more capital for the purchase of more bitcoins.
“We consider our Bitcoin participations as long-term participation and we plan to continue to accumulate Bitcoin,” said the S-2 page deposit. “We have not set any specific objective for the Bitcoin amount that we try to hold and continue to monitor the market conditions in determining whether to engage in further purchases of Bitcoin. This general strategy also provides that we can also sell bitcoin for general corporate purposes or in relation to the strategies that generate a process on chases based on our assessments on the basis of our assessments based on Matter of chases based on our assessments on chases based on the search for chases based on the search for chases based on our tax considerations based on our tax considerations based on our tax considerations based on our tax considerations based on a process on pursuers based on our tax considerations based on our tax considerations based on our assessments. Bitcoin investments. “