KULR Technology shares are trading lower after the company reported Q2 financial results and announced a proposed public offering of common stock.
Portfolio Pulse from Benzinga Newsdesk
KULR Technology reported its Q2 financial results and announced a proposed public offering of common stock, leading to a decrease in its share price.

August 16, 2023 | 8:22 pm
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KULR Technology's stock price is trading lower after the company reported Q2 financial results and announced a proposed public offering of common stock.
The announcement of Q2 financial results and a proposed public offering of common stock has led to a decrease in KULR Technology's share price. The public offering could dilute existing shareholders' equity, which is often viewed negatively by the market, leading to a drop in the share price.
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