NUBURU, Inc. has closed a $12 million public offering and expects trading of its shares on the NYSE American to resume on March 2, 2026. The resumption follows a planned 1-for-4.99 reverse stock split designed to bring the company back into compliance with the exchange's minimum trading price requirement. Trading was halted on February 13, 2026, after the stock price fell below $0.10. The company noted that if the share price again drops below the $0.10 threshold after trading resumes, the shares could face another halt and potential delisting. This financial maneuver and the associated risk underscore the challenges facing companies seeking to maintain their listing status during periods of market volatility.
The public offering consisted of 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 transaction. The capital infusion is significant 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 aims to address high-value defense, security, and operational-resilience markets through proprietary directed-energy technologies, non-kinetic defense capabilities, mission-critical software, and strategic industrial partnerships and acquisitions. The company's broader corporate information can be accessed at https://www.nuburu.net.
The press release announcing these developments was distributed via InvestorWire, a specialized communications platform that is part of the Dynamic Brand Portfolio. InvestorWire provides wire-grade press release syndication and other corporate communications services. More details about its services are available at https://www.InvestorWire.com. The full text of the original announcement can be found at https://ibn.fm/WBfNf. The successful closing of this offering provides NUBURU with essential capital to advance its strategic pivot. The impending trading resumption, contingent on the reverse split's effect on the share price, represents a pivotal moment for the company's visibility and accessibility to investors. The situation highlights the ongoing pressures on publicly traded firms to meet regulatory standards while securing funding for long-term business model shifts.
