NUBURU, Inc. (NYSE American: BURU) announced the closing of its previously disclosed $12 million public offering, a move aimed at stabilizing its stock price and maintaining its exchange listing. The company expects trading on the NYSE American to resume on March 2, 2026, following a 1-for-4.99 reverse stock split designed to restore compliance with the exchange's minimum trading price requirement. Trading had been halted on Feb. 13, 2026, after the company's shares fell below $0.10. Management cautioned that if the stock price again drops below that threshold after trading resumes, the shares could face another halt and potential delisting.
The offering included 58,379,137 shares of common stock, 50,711,772 pre-funded warrants, and common warrants exercisable for up to 163,636,364 shares. Joseph Gunnar & Co. LLC acted as the exclusive placement agent. The capital raise provides NUBURU with additional financial resources as it executes its strategic transformation from a laser-technology company into a dual-use Defense & Security platform provider. Founded in 2015, the company is focusing on proprietary directed-energy technologies, non-kinetic defense capabilities, mission-critical software, and targeted industrial partnerships and acquisitions to address high-value defense, security, and operational-resilience markets.
The reverse stock split and public offering underscore the company's efforts to regain investor confidence and meet NYSE American listing standards. For more details on the offering, refer to the full press release at https://ibn.fm/WBfNf. Information about NUBURU's strategic direction and technology portfolio is available at https://www.nuburu.net.
The successful closing of the offering and the planned resumption of trading are critical milestones for NUBURU as it navigates financial challenges and pursues growth in the defense and security sectors. Investors will be closely monitoring the stock's performance post-split to assess whether the company can sustain compliance and avoid further trading disruptions.
