NUBURU, Inc. (NYSE American: BURU) announced the closing of its previously disclosed $12 million public offering, a move aimed at bolstering its financial position and addressing stock price compliance issues with the NYSE American. The company also stated that it anticipates trading on the exchange will resume on March 2, 2026, following a 1-for-4.99 reverse stock split designed to meet the exchange's minimum trading price requirement.
Trading of NUBURU's shares was halted on February 13, 2026, after the stock price fell below $0.10. The company's management noted that if the price again drops below that threshold after trading resumes, the shares could be halted and potentially delisted. The reverse stock split and the capital infusion from the offering are intended to provide a buffer against further price declines.
The public 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 for the offering. The proceeds are expected to support NUBURU's strategic transformation from a laser-technology company into a dual-use Defense & Security platform provider.
Founded in 2015, NUBURU is executing a strategic pivot through a combination of proprietary directed-energy technologies, non-kinetic defense capabilities, mission-critical software, and targeted industrial partnerships and acquisitions. The company aims to address high-value defense, security, and operational-resilience markets. For more information about NUBURU, visit www.nuburu.net.
This development is significant for investors as it reflects NUBURU's efforts to maintain its listing on the NYSE American while securing necessary funding for its business strategy. The closing of the $12 million offering and the planned trading resumption represent critical steps in the company's journey to stabilize its stock and pursue growth in the defense sector. The full press release is available at https://ibn.fm/WBfNf.
