NUBURU, Inc. (NYSE American: BURU) announced the closing of its previously disclosed $12 million public offering, aiming to restore compliance with NYSE American's minimum trading price requirement through a 1-for-4.99 reverse stock split. The company expects trading to resume on March 2, 2026, following a halt on February 13, 2026, when the stock price fell below $0.10. 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 served as the exclusive placement agent.
The reverse stock split and capital raise are critical steps for NUBURU to maintain its listing on the NYSE American. The company's management noted that if the stock price again drops below $0.10 after trading resumes, the shares could face halting and potential delisting. This underscores the ongoing financial challenges facing the company as it executes a strategic transformation from a laser-technology firm into a dual-use Defense & Security platform provider.
Founded in 2015, NUBURU is pivoting toward 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. The $12 million offering provides necessary capital to support this transformation, though dilution from the warrants and additional shares may impact existing shareholders.
Investors should monitor the resumption of trading and the stock's performance closely. For more details on the offering, visit the full press release at https://ibn.fm/WBfNf. Additional information about NUBURU's strategic direction is available at www.nuburu.net.
The successful completion of this offering and reverse stock split provides NUBURU with a temporary reprieve, but the company must demonstrate sustained operational progress and financial stability to avoid future compliance issues. This announcement is part of the broader coverage provided by InvestorWire, a specialized communications platform for private and public companies within the investment community. For further context, refer to the terms and disclaimers on the InvestorWire website at https://www.InvestorWire.com/Disclaimer.
