NUBURU, Inc. (NYSE American: BURU) announced the closing of its previously disclosed $12 million public offering and stated that it anticipates trading on the NYSE American to resume on March 2, 2026, following a 1-for-4.99 reverse stock split. The reverse split is intended to restore compliance with the exchange's minimum trading price requirement, which was triggered after the company's stock fell below $0.10, leading to a trading halt on Feb. 13, 2026. The company warned that if the share 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. Joseph Gunnar & Co. LLC served as the exclusive placement agent. The full press release can be viewed at https://ibn.fm/WBfNf.
Founded in 2015, NUBURU is undergoing a strategic transformation from a laser-technology company into a dual-use Defense & Security platform provider. The company combines 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. More information is available at www.nuburu.net.
The completion of this offering provides NUBURU with critical capital to support its transformation and ongoing operations. However, the success of the reverse stock split in maintaining compliance with NYSE American listing standards remains uncertain, as the company's stock price has previously fallen below the minimum threshold. Investors will be closely watching the stock's performance after trading resumes on March 2.
