Nuburu closes USD 38 million public offering priced at USD 0.1555 per share package
BURU•Proceeds to support acquisition plans and balance sheet actions
Proceeds are earmarked to advance the proposed Tekne acquisition, repay an outstanding debenture, and simplify the capital structure.
NYSE American notified Nuburu of delisting proceedings tied to sub-$0.10 trading; an appeal and reverse stock split are planned.
Public offering closes with about $38 million in gross proceeds
Nuburu closed a best-efforts public offering with gross proceeds of about $38 million.
The company sold 244,372,984 common shares or pre-funded warrants, each paired with Series B Preferred Stock, at a combined $0.16 price.
Pricing represented about a 30% premium to the $0.12 prior close on July 15, 2026.
