KULR Technology Group, Inc. (KULR) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: March 31, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 93.63% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
46M
Potential Supply
0
Additional shares possible
Splits
1 Split 1 Reverse
Past 2 years

Summary

KULR currently has 46.2M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 93.63% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 1 stock split (positive for accessibility) and 1 reverse split (concerning signal).

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Mar 31, 2026

10-K filing | 46.2M shares outstanding

46M 0
Aug 14, 2025

10-Q filing | 37.6M shares outstanding

38M 0
Jun 23, 2025
Stock Split

8-K filing: Stock split 1-for-8 | Outstanding: 279,373,293 → 34,921,661

35M 0
Jun 03, 2025

S-3/A filing: This is an S-3/A filing.

280M 0
May 27, 2025

S-3 filing: KULR Technology Group, Inc. is offering common stock, preferred stock, warrants, or a combination of these securities, or units, up to a total offering price of $300,000,000, as indicated in their S-3 filing dated 2025-05-27.

280M 0
May 15, 2025

10-Q filing | 279.4M shares outstanding

280M 0
Mar 31, 2025

10-K filing | 284.4M shares outstanding

280M 0
Jan 17, 2025

8-K filing: On January 16, 2025, the company issued 270,000 shares of Non-convertible Series A Voting Preferred Stock to Michael Mo, the Chairman and CEO.

190M 13M
Dec 04, 2024

S-3/A filing: KULR Technology Group, Inc. intends to offer and sell common stock, preferred stock, warrants, or a combination of these securities, or units, up to a total offering price of $100,000,000.

190M 13M
Nov 13, 2024

10-Q filing | 194.5M shares outstanding

190M 0
Aug 12, 2024

10-Q filing | 181.5M shares outstanding

180M 0
Jul 03, 2024

S-3 filing: KULR Technology Group, Inc. is offering common stock, preferred stock, warrants, or a combination of these securities, or units, up to a total offering price of $35,000,000.

170M 0
May 15, 2024

10-Q filing | 182.7M shares outstanding

180M 0
Apr 12, 2024

10-K filing | 172.9M shares outstanding

170M 0
Jan 26, 2024

8-K filing: KULR Technology Group, Inc. issued 730,000 shares of Non-convertible Series A Voting Preferred Stock to the Chairman and Chief Executive Officer, Michael Mo, subject to certain conditions.

120M 19M
Dec 21, 2023

8-K filing: KULR Technology Group, Inc. entered into an Underwriting Agreement for an underwritten offering of 4,500,000 shares of common stock at $0.20 per share, with an option for the underwriter to purchase an additional 675,000 shares. ($0.9M proceeds)

120M 19M
Nov 14, 2023

10-Q filing | 117.1M shares outstanding

120M 19M
Sep 13, 2023

8-K filing: KULR Technology Group, Inc. entered into an underwriting agreement for an offering of 7,142,857 shares of common stock at $0.35 per share, with an option for the underwriters to purchase an additional 1,071,428 shares. ($2.5M proceeds)

120M 21M
Aug 16, 2023

10-Q filing | 115.4M shares outstanding

120M 21M
May 15, 2023

10-Q filing | 112.9M shares outstanding

110M 24M
Mar 28, 2023

10-K filing | 105.7M shares outstanding

110M 31M
Nov 14, 2022

10-Q filing | 105.6M shares outstanding

110M 31M
Aug 15, 2022

10-Q filing | 104.5M shares outstanding

100M 32M
May 16, 2022

10-Q filing | 102.6M shares outstanding

100M 34M
Apr 25, 2022

8-K filing: Holders exercised 2,346,525 warrants to purchase shares of the Company's common stock at an exercise price of $1.25 per share, with the Company receiving gross proceeds of $2,933,156.25. ($2.93M proceeds)

98M 39M
Mar 28, 2022

10-K filing | 97.7M shares outstanding

98M 39M
Nov 15, 2021

10-Q filing | 102.0M shares outstanding

100M 34M
Aug 16, 2021

10-Q filing | 100.6M shares outstanding

100M 36M
Jul 06, 2021

S-3 filing: KULR Technology Group, Inc. may offer common stock, preferred stock, warrants, or a combination of these securities, or units, for an aggregate initial offering price of up to $100,000,000.

94M 42M
Jul 02, 2021

8-K filing: Michael Mo, CEO and Chairman of KULR Technology Group Inc., adopted a Rule 10b5-1 sales plan to sell up to 800,000 shares of the company's common stock at a minimum price of $2.50 per share between June 30, 2021, and June 30, 2022.

94M 0
May 21, 2021

10-Q filing | 94.2M shares outstanding

94M 0
May 20, 2021

8-K filing: KULR Technology Group, Inc. entered into a Securities Purchase Agreement to issue and sell Series D Convertible Preferred Stock, Common Stock Purchase Warrants, and shares of Common Stock as a commitment fee to an institutional investor.

93M 0
Mar 19, 2021

10-K filing | 92.6M shares outstanding

93M 0
Dec 31, 2020

8-K filing: KULR Technology Group, Inc. entered into a securities purchase agreement for the sale of 6,400,001 shares of common stock and warrants to purchase up to 6,400,001 shares at a combined price of $1.25 per share and warrant, resulting in gross proceeds of $8,000,001.25. ($8.0M proceeds)

83M 0
Nov 13, 2020

10-Q filing | 83.3M shares outstanding

83M 0
Aug 14, 2020

10-Q filing | 82.6M shares outstanding

83M 0
Jun 25, 2020

10-Q filing | 81.6M shares outstanding

82M 0
May 14, 2020

10-K filing | 81.2M shares outstanding

81M 0
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