NUBURU (NYSE American: BURU) announced the closing of its previously disclosed $12 million public offering, which includes a reverse stock split aimed at restoring compliance with the NYSE American minimum trading price requirement. The company anticipates that trading of its common stock will resume on March 2, 2026, following a halt that began on Feb. 13, 2026, after the stock fell below $0.10 per share.
The offering comprised 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 served as the exclusive placement agent. The company noted that if the stock price again drops below $0.10 after trading resumes, the shares could be halted and potentially delisted. The reverse stock split was implemented at a ratio of 1-for-4.99.
NUBURU, founded in 2015, is executing a strategic transformation from a laser-technology company into a dual-use Defense & Security platform provider. The company utilizes 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 completion of this offering provides NUBURU with additional capital to support its ongoing operations and strategic initiatives. For more details on the offering and the company's plans, the full press release is available at https://ibn.fm/WBfNf. Additional information about NUBURU can be found on its website at www.nuburu.net.
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The resumption of trading and the capital raised are critical for NUBURU as it navigates compliance with exchange listing standards and pursues its strategic transformation. The company's focus on defense and security markets positions it to capitalize on growing demand for advanced technologies in these sectors.
