NUBURU, Inc. (NYSE American: BURU) announced the closing of its previously disclosed $12 million public offering, marking a critical step for the company as it prepares to resume trading on the NYSE American on March 2, 2026. The company concurrently implemented a 1-for-4.99 reverse stock split aimed at restoring compliance with the exchange's minimum trading price requirement. Trading was halted on Feb. 13, 2026, after the stock price fell below $0.10. Management cautioned that if the price again drops below that threshold after trading resumes, the shares could face another halt and potential delisting.
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 served as the exclusive placement agent. The full press release is available at https://ibn.fm/WBfNf.
NUBURU, founded in 2015, is undergoing a strategic transformation from a laser-technology company into a dual-use Defense & Security platform provider. The company leverages 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 is available at www.nuburu.net.
The completion of this offering and the reverse stock split are pivotal for NUBURU as it seeks to maintain its listing on the NYSE American and secure the capital necessary to execute its strategic plan. The company's ability to attract investment despite recent stock volatility underscores investor interest in its defense-focused pivot. However, the risk of further price declines remains a concern, as management explicitly warned that trading could be halted and the stock delisted if the price again falls below $0.10.
This announcement comes at a time when NUBURU is positioning itself in the defense sector, which has seen increased attention due to global security dynamics. The company's dual-use technologies—applicable to both defense and industrial markets—may offer a unique value proposition. The funds raised through the offering are expected to support ongoing operations and strategic initiatives, though specific use of proceeds was not detailed in the press release.
Investors and market observers will be watching closely when trading resumes on March 2, 2026, to gauge market reception of the restructured equity. The reverse stock split is a common mechanism used by companies to meet exchange listing standards, but it does not address underlying business performance. NUBURU's future success will depend on its ability to execute its transformation strategy and generate revenue from its defense and security offerings.
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