NUBURU, Inc. (NYSE American: BURU), a next-generation dual-use Defense & Security integrated platform company, announced the closing of its previously announced best-efforts public offering, raising approximately $38.0 million in gross proceeds before fees and expenses. The offering included common stock and/or pre-funded warrants with accompanying Series B Preferred Stock and was led by a New York-based single-family office with participation from other accredited investors and family offices.
The company stated that it intends to use the proceeds to advance its proposed acquisition of Tekne, repay outstanding debentures, and continue building its integrated Defense & Security platform. This move signals NUBURU's strategic focus on expanding its capabilities in directed-energy and non-kinetic effects, electronic warfare, defense mobility, and operational-resilience software, as outlined in its platform strategy.
In a related development, NUBURU disclosed that it received notice from NYSE American that it had fallen out of compliance with the exchange’s continued listing requirements after its common stock traded below $0.10 during the trading day. The company said it plans to appeal the delisting determination and implement a previously approved reverse stock split in an effort to regain compliance with NYSE American listing standards.
The successful $38 million capital raise is a critical step for NUBURU as it seeks to strengthen its financial position and execute its growth strategy. The infusion of funds will support the Tekne acquisition, which is expected to enhance the company's integrated platform for defense and security, critical-infrastructure, and digital-resilience markets. For investors and industry observers, this development underscores NUBURU's commitment to building a comprehensive suite of hardware-enabled and software-orchestrated capabilities.
However, the concurrent listing compliance challenge introduces an element of uncertainty. The company's plan to appeal and pursue a reverse stock split reflects its determination to maintain its public listing, which is vital for access to capital markets and investor confidence. The outcome of these efforts will be closely watched by shareholders and the defense technology sector.
For more details on the offering, the full press release is available at https://ibn.fm/51JUN. Additional information about NUBURU can be found at www.nuburu.net.
