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 on March 2, 2026, following a 1-for-4.99 reverse stock split intended to restore compliance with the exchange's minimum trading price requirement. Trading was halted on Feb. 13, 2026, after the company's stock fell below $0.10, and management noted 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. The capital raise provides the company with additional liquidity as it navigates compliance challenges and executes its strategic transformation.
Founded in 2015, NUBURU is executing a strategic transformation from a laser-technology company into a dual-use Defense & Security platform provider. 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 company's ability to secure funding and maintain its listing on the NYSE American is critical for investor confidence and future growth.
For more details on the offering, view the full press release at https://ibn.fm/WBfNf. Additional information about NUBURU is available on its website at https://www.nuburu.net.
This announcement underscores the company's efforts to raise capital and address compliance issues, reflecting broader challenges faced by small-cap companies in maintaining exchange listings. The reverse stock split and public offering are aimed at stabilizing the stock price and providing necessary funds for operations and strategic initiatives. However, the risk of future delisting remains if the stock price falls below $0.10 again.
