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, following a 1-for-4.99 reverse stock split designed to restore compliance with the exchange's minimum bid price requirement. The company's shares were halted on February 13, 2026, after falling below $0.10, and management warned that if the price again drops below that threshold after trading resumes, the shares could be halted and potentially 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.
Founded in 2015, NUBURU focuses on 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 ability to secure this funding and maintain its NYSE American listing is essential for its ongoing operations and growth strategy.
The reverse stock split and the resumption of trading will be closely watched by investors, as the company's stock has faced significant volatility. The successful closing of the public offering provides NUBURU with necessary capital to advance its defense and security initiatives, though the risk of future non-compliance with exchange requirements remains.
For more information on the press release, visit https://ibn.fm/WBfNf. Additional details about NUBURU can be found at www.nuburu.net.
