NUBURU, Inc. (NYSE American: BURU) announced the closing of its previously disclosed $12 million public offering and stated that it expects trading on the NYSE American to resume on March 2, 2026. The resumption follows a 1-for-4.99 reverse stock split designed to restore compliance with the exchange's minimum bid price requirement. Trading was halted on February 13, 2026, after the company's stock price fell below $0.10. According to management, if the share price again drops below that threshold after trading resumes, the shares could face another halt and potential delisting.
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. Joseph Gunnar & Co. LLC acted as the exclusive placement agent for the offering. The 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. Founded in 2015, the company is 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.
This development is significant as it demonstrates NUBURU's proactive measures to maintain its public listing and secure funding for its strategic pivot. The reverse stock split and public offering are aimed at stabilizing the stock price and providing capital to support the company's growth initiatives. Investors will be watching closely to see if the stock can maintain compliance with NYSE American listing standards and whether the company can successfully execute its transformation plan. More details are available in the full press release at https://ibn.fm/WBfNf.
NUBURU's shift towards defense and security markets positions it in a sector with strong demand and government backing. The company's focus on directed-energy technologies and non-kinetic defense capabilities aligns with current military modernization efforts. Additionally, the capital from the offering may enable NUBURU to pursue further acquisitions and partnerships, accelerating its transition. However, the risk of non-compliance with exchange rules remains a concern, as highlighted by the potential for halting and delisting if the stock price falls again. The company's ability to sustain its share price above the minimum threshold will be a key metric for investors.
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