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, which is executing a strategic transformation from a laser-technology company into a dual-use Defense & Security platform provider, faced a trading halt on Feb. 13, 2026, after its stock fell below $0.10.
According to the company, if the stock 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. The full press release can be viewed at https://ibn.fm/WBfNf.
NUBURU, founded in 2015, is focusing on a strategic transformation by combining 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. The company's website is www.nuburu.net.
The successful closing of this offering provides NUBURU with additional capital to support its ongoing transformation and operations. The reverse stock split and anticipated trading resumption are critical steps to maintain its listing on NYSE American, which is important for investor confidence and access to capital markets. Investors closely monitor such events as they signal the company's efforts to stabilize its stock price and continue its business initiatives.
This development is significant for shareholders and potential investors because it addresses the immediate listing compliance issue and provides a capital infusion. However, the risk of further price declines and potential delisting remains, highlighting the challenges facing the company as it pivots its business model. The offering structure, including warrants, also indicates the need to attract investors with potential upside incentives.
Overall, the announcement underscores NUBURU's commitment to executing its strategic plan and maintaining its public listing, which are vital for its long-term growth in the defense and security sectors.
