NUBURU, Inc. (NYSE American: BURU) announced the closing of its previously announced $12 million public offering and said it anticipates trading on NYSE American to resume March 2, 2026, following a 1-for-4.99 reverse stock split intended to restore compliance with the exchange minimum trading price requirement. The company disclosed the development in a press release, noting that trading was halted Feb. 13, 2026, after the stock fell below $0.10. Management warned that if the price again drops below that threshold after trading resumes, the shares could be halted and delisted.
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, with Joseph Gunnar & Co. LLC acting as exclusive placement agent. This capital raise is a critical step for NUBURU as it executes a strategic transformation from a laser-technology company into a dual-use Defense & Security platform provider. According to the company, through a combination of proprietary directed-energy technologies, non-kinetic defense capabilities, mission-critical software, and targeted industrial partnerships and acquisitions, NUBURU addresses high-value defense, security, and operational-resilience markets.
The reverse stock split and subsequent capital injection are designed to stabilize the company's stock price and ensure continued listing on the NYSE American. For NUBURU, maintaining its exchange listing is vital for access to public capital markets and investor confidence. The company's transition into defense and security markets aligns with growing demand for advanced technologies in these sectors, potentially positioning it for future growth.
Investors and stakeholders will be watching closely as trading resumes to see if the measures successfully lift the stock price above the $0.10 threshold. The company's ability to execute its strategic plan and generate revenue from its defense and security initiatives will be key to sustaining long-term value. The full press release is available at https://ibn.fm/WBfNf.
Founded in 2015, NUBURU is focused on becoming a dual-use Defense & Security platform provider. More information is available at www.nuburu.net. This development underscores the company's efforts to navigate financial challenges while pivoting towards higher-growth markets.
