KULR Shares at 2-Year High After Resolving Listing Compliance Issues

Dow Jones12-18 23:41

By Dean Seal

Shares of KULR Technology Group hit a two-year high after the company regained compliance with the New York Stock Exchange's listing requirements.

The stock climbed 33% to a high of $1.92 in early trading. Shares haven't traded this high since November 2022. They hit a low of 10 cents in the past year.

The San Diego-based maker of products that manage heat from batteries said before the bell that it has received notice from NYSE American confirming its compliance.

The exchange told KULR about a year ago that it was out of compliance with a requirement for listed companies to have at least $2 million in stockholders' equity if they report losses from continuing operations or loss in two of their three most recent fiscal years.

KULR said it got back into compliance with that requirement during the past two quarters. "No further deficiencies remain outstanding," the company said.

In February, the company was cited for having an average stock price of less than 20 cents during a 30-day trading period. It regained compliance with that requirement in May.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

December 18, 2024 10:41 ET (15:41 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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