KULR TECHNOLOGY GROUP, INC. (OTCMKTS: KUTG) Files An 8-K Unregistered Sales of Equity Securities

KULR TECHNOLOGY GROUP, INC. (OTCMKTS: KUTG) Files An 8-K Unregistered Sales of Equity Securities
Item 3.02 Unregistered Sales of Equity Securities.

Item 3.03 Material Modification to Rights of Security Holders.
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

On November 30, 2018, the Company filed with the Secretary of State of the State of Delaware the Certificate of Designation of Series B Convertible Preferred Stock (the “Certificate of Designation”), which became effective upon filing. The Certificate of Designation established and designated the Series B Convertible Preferred Stock (“Series B Preferred Stock”) and the rights, preferences, privileges, and limitations thereof, summarized in the following:

The Company designated 31,000 shares as Series B Preferred Stock out of the authorized and unissued preferred stock of the Company, par value $0.0001 per share. Series B Preferred Stock is senior in liquidation preference to Common Stock. Holders of shares of Series B Preferred Stock are not entitled to voting rights and dividend rights.

Each share of Series B Preferred Stock, after 181 days after issuance and without the payment of additional consideration, shall be convertible into fifty (50) fully paid and non-assessable shares of Common Stock.

The foregoing description of the Certificate of Designation is not complete and is qualified in its entirety by reference to the full text of the Certificate of Designation, a copy of which is filed as Exhibit 4.1 to this Report and is incorporated by reference herein.


KULR Technology Group, Inc. Exhibit
EX-4.1 2 tv508637_ex4-1.htm EXHIBIT 4.1   Exhibit 4.1   CERTIFICATE OF DESIGNATION OF SERIES B CONVERTIBLE PREFERRED STOCK OF KULR TECHNOLOGY GROUP,…
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