NUBURU, Inc. (NYSE American: BURU) has closed its previously announced $12 million public offering and anticipates that trading on the NYSE American will resume on March 2, 2026, following a 1-for-4.99 reverse stock split. The reverse 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 warned that if the share price again drops below that threshold after trading resumes, the shares could be halted and potentially 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 company plans to use the net proceeds for working capital and general corporate purposes, as detailed in the registration statement filed with the Securities and Exchange Commission.
The reverse stock split is a critical step for NUBURU to maintain its listing on the NYSE American. The exchange requires listed companies to maintain a minimum bid price of $0.10 per share. Failure to meet this requirement can lead to delisting, which would reduce liquidity and potentially harm investor confidence. The company's stock has faced significant pressure, reflecting challenges in its transition from a laser-technology company to a dual-use defense and security platform provider.
NUBURU, founded in 2015, is executing a strategic transformation into a Defense & Security platform. The company focuses on proprietary directed-energy technologies, non-kinetic defense capabilities, mission-critical software, and targeted industrial partnerships and acquisitions. Its goal is to address high-value defense, security, and operational-resilience markets. The recent capital raise is expected to support this transformation and provide financial stability as the company navigates a complex market environment.
The announcement of the offering closing and planned trading resumption is a significant development for NUBURU and its shareholders. The infusion of $12 million provides a financial buffer, but the company's ability to maintain compliance with exchange requirements will be closely watched. Investors should monitor the stock's performance after trading resumes and assess whether the reverse split and capital raise will be sufficient to stabilize the company's market position. The full press release is available at https://ibn.fm/WBfNf.
For more information about NUBURU, visit www.nuburu.net. This news is distributed by InvestorWire, a platform that provides advanced press release syndication for private and public companies. InvestorWire is part of a dynamic brand portfolio that delivers access to a vast network of wire solutions, article syndication to over 5,000 outlets, enhanced press release distribution, social media distribution, and tailored corporate communications solutions.
