NUBURU, Inc. (NYSE American: BURU) announced the closing of its previously disclosed best-efforts public offering, raising approximately $38.0 million in gross proceeds before fees and expenses. The offering included common stock and/or pre-funded warrants with accompanying Series B Preferred Stock and was led by a New York-based single-family office with participation from other accredited investors and family offices. The company stated it intends to use the net proceeds to advance its proposed acquisition of Tekne, repay outstanding debentures, and continue building its integrated Defense & Security platform.
In a separate disclosure, NUBURU revealed that it received notice from NYSE American indicating it had fallen out of compliance with the exchange’s continued listing requirements after its common stock traded below $0.10 during a trading day. The company plans to appeal the delisting determination and implement a previously approved reverse stock split to regain compliance with NYSE American listing standards. This move is critical for maintaining its listing on the exchange and ensuring access to capital markets.
The successful capital raise underscores investor confidence in NUBURU's strategic direction. The company is positioning itself as a next-generation dual-use Defense & Security integrated platform company, delivering software-orchestrated, hardware-enabled capabilities for defense, security, critical infrastructure, and digital resilience markets. Its platform strategy includes directed-energy and non-kinetic effects, electronic warfare and CEMA, defense mobility, operational-resilience software, and advanced deployable manufacturing. The acquisition of Tekne is expected to bolster these capabilities.
NUBURU's focus on dual-use technologies—applicable to both military and civilian sectors—places it at the forefront of emerging defense needs. The integration of software and hardware solutions for electronic warfare and critical infrastructure protection aligns with global security trends. The company's ability to raise $38 million from sophisticated investors, including a New York-based single-family office, indicates strong backing for its vision.
The reverse stock split and appeal process are standard mechanisms to address listing deficiencies. If successful, NUBURU will retain its NYSE American listing, providing liquidity and visibility to shareholders. The company's broader strategy aims to create a diversified platform that can capitalize on increasing defense budgets and the growing importance of digital resilience.
For more details on the offering and company updates, visit the full press release at https://ibn.fm/mJzRm. Additional information about NUBURU is available at www.nuburu.net.
