June 19th (Eastern Time) - $KULR Technology (KULR.US)$ is about to implement a 1-for-8 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from June 23rd, 2025.
$KULR Technology (KULR.US)$ rose 13.54% and closed at $0.8597 on June 18th with a turnover of $28.07 million. $KULR Technology (KULR.US)$ now has a total market capitalization of $265.46 million.
What Is a Reverse Stock Split?
A reverse stock split consolidates the number of existing shares of stock held by shareholders into fewer shares. It does not directly impact a company's value. And it can signal a company in distress since it raises the value of otherwise low-priced shares.
Note:
The company's actual implementation is subject to the final disclosure submitted to the exchange. The information provided herein is for reference only.
