NUBURU, Inc. (NYSE American: BURU) has announced the closing of its previously disclosed $12 million public offering and expects 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 bring the company's stock price above the exchange's minimum bid price requirement, after trading was halted on Feb. 13, 2026, when shares fell below $0.10. Management warned that if the stock price again drops below that threshold after trading resumes, the shares could face further halts and potential delisting.
The public 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 acted as the exclusive placement agent for the offering. The proceeds are expected to support NUBURU's strategic transformation from a laser-technology company into a dual-use Defense & Security platform provider, leveraging proprietary directed-energy technologies, non-kinetic defense capabilities, mission-critical software, and targeted industrial partnerships and acquisitions.
This capital raise is crucial for NUBURU as it pivots to address high-value defense, security, and operational-resilience markets. The company, founded in 2015, is executing this transformation through a combination of internal development and strategic acquisitions. The successful closing of the offering and the anticipated resumption of trading are key milestones for the company's continued operations and growth strategy.
For more details, the full press release is available at https://ibn.fm/WBfNf. Additional information about NUBURU can be found on its website at www.nuburu.net.
This announcement underscores the challenges faced by small-cap companies in maintaining exchange listing standards and the measures they must take to secure continued access to public capital markets. The reverse stock split, while a common remedy for low-priced stocks, carries risks, as management acknowledged the possibility of further declines. Investors will be closely watching NUBURU's performance post-resumption to assess the effectiveness of its strategic shift and the sustainability of its stock price.
