other material
confidence high
sentiment neutral
materiality 0.80
Nuburu closes $12M public offering; enacts 1-for-4.99 reverse split to regain NYSE American compliance
Nuburu, Inc.
- Net proceeds ~$11M from offering of 58.4M shares, 50.7M pre-funded warrants, and warrants for 163.6M shares at $0.11/unit.
- 1-for-4.99 reverse stock split effective Feb 27; trading to resume March 2 under symbol BURU on NYSE American.
- Trading halted Feb 13 due to price below $0.10 minimum; failure to stay above $0.10 risks delisting.
- Co-CEO Zamboni highlights reduction of $17M legacy obligations and new investor support for strategy.
- Common warrants exercisable at $0.132 for first 6 months, then $0.11 for 5 years; pre-funded warrants at $0.0001.