NUBURU, Inc. (NYSE American: BURU) has closed its previously announced $12 million public offering and anticipates that trading of its common stock on the NYSE American will resume on March 2, 2026. The company also implemented a 1-for-4.99 reverse stock split, effective prior to the resumption of trading, in an effort 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 per share.
The offering included 58,379,137 shares of common stock, along with pre-funded warrants to purchase 50,711,772 shares 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 company has warned that if the stock price again falls below $0.10 after trading resumes, shares could be halted and potentially delisted from the NYSE American.
NUBURU, founded in 2015, is executing a strategic transformation from a laser-technology company into a dual-use Defense & Security platform provider. The company focuses on proprietary directed-energy technologies, non-kinetic defense capabilities, mission-critical software, and targeted industrial partnerships and acquisitions, addressing high-value defense, security, and operational-resilience markets. For more information, visit www.nuburu.net.
The full press release is available at https://ibn.fm/WBfNf.
