NUBURU, Inc. (NYSE American: BURU), a company transitioning from a laser-technology firm to a dual-use Defense & Security platform provider, announced the closing of its previously disclosed $12 million public offering. The company also stated that it anticipates trading on NYSE American will resume on March 2, 2026, following a 1-for-4.99 reverse stock split. This split is intended to restore compliance with the exchange's minimum trading price requirement after the company's stock fell below $0.10, prompting a trading halt on February 13, 2026. Management noted that if the price again drops below that threshold after trading resumes, the shares could be halted and delisted.
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 full press release is available at https://ibn.fm/WBfNf.
Founded in 2015, NUBURU is executing a strategic transformation into a dual-use Defense & Security platform provider. Through a combination of proprietary directed-energy technologies, non-kinetic defense capabilities, mission-critical software, and targeted industrial partnerships and acquisitions, the company addresses high-value defense, security, and operational-resilience markets. More information about the company can be found at www.nuburu.net.
This announcement is significant as it demonstrates NUBURU's efforts to maintain its listing on the NYSE American and secure additional funding to support its business transformation. The reverse stock split and public offering provide the company with a capital infusion and a path to continued trading, which are critical for its ongoing operations and strategic initiatives. Investors and stakeholders will be closely watching the stock's performance upon resumption of trading to gauge market confidence in the company's turnaround strategy.
