Nuburu closes $38M public offering; receives NYSE American delisting notice for low stock price

Nuburu, Inc.

Gross proceeds of $38M from public offering of common stock, pre-funded warrants, and Series B Preferred at $0.1555/unit.
Net proceeds of ~$35.6M to fund Tekne acquisition, retire $15.5M debenture, and $1.25M convertible notes.
NYSE American commenced delisting proceedings after stock traded below $0.10; company to appeal and implement reverse split.
Offering price represented ~30% premium to $0.1199 closing price on July 15, 2026.
Lock-up agreements for officers, directors, and 10% holders for 60 days post-closing.

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