NUBURU, Inc. (NYSE American: BURU) announced the closing of its previously disclosed $12 million public offering, a move aimed at shoring up its financial position and restoring compliance with NYSE American listing standards. The company also said it anticipates that trading on the exchange will resume on March 2, 2026, following a 1-for-4.99 reverse stock split designed to bring the stock price above the exchange's minimum bid price requirement.
The offering, which was first announced in February, 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 transaction. The capital infusion comes at a critical time for the company, which saw its stock price fall below $0.10, triggering a trading halt on February 13, 2026. Management warned that if the share price again drops below that threshold after trading resumes, the shares could be halted and potentially delisted.
For NUBURU, this offering and the associated reverse stock split are pivotal steps in its broader strategic transformation. Founded in 2015, the company is in the process of shifting from a laser-technology company to a dual-use Defense & Security platform provider. This transformation involves leveraging 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. More information about the company's strategy and operations can be found on its website at www.nuburu.net.
The successful closing of the offering provides NUBURU with much-needed capital to fund its operations and strategic initiatives. However, the company remains under scrutiny as it navigates the requirements of the NYSE American. The reverse stock split is a common mechanism used by companies to boost their stock price to meet exchange listing standards, but it does not address underlying fundamental issues. Investors will be watching closely to see if the company can sustain its price above the critical $0.10 threshold and execute on its business plan.
The full press release detailing the offering and trading resumption is available at https://ibn.fm/WBfNf. NUBURU's ability to maintain compliance and deliver on its strategic goals will be key to its future on the NYSE American and its overall viability as a public company.
