NUBURU Closes $38 Million Public Offering, Advances Defense & Security Platform

NUBURU, Inc. (NYSE American: BURU) announced the closing of its 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 said 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 capital raise is significant for NUBURU as it positions the company to execute its strategic growth plans, particularly the acquisition of Tekne, which is expected to enhance its dual-use defense and security capabilities. The company operates as a next-generation integrated platform delivering software-orchestrated, hardware-enabled solutions for defense, security, critical infrastructure, and digital resilience markets. Its platform strategy includes directed-energy and non-kinetic effects, electronic warfare and CEMA, defense mobility, operational-resilience software, and advanced deployable manufacturing.

Alongside the offering, 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. This development underscores the challenges the company faces in maintaining its public listing while pursuing transformative acquisitions.

The implications of this announcement are multifaceted. For investors, the $38 million injection provides capital to advance the Tekne acquisition, which could strengthen NUBURU's market position in defense and security. However, the delisting notice introduces uncertainty about the company's near-term stock performance and exchange status. For the defense industry, NUBURU's integrated platform strategy could offer innovative solutions for directed energy and electronic warfare, potentially impacting how defense contractors approach non-kinetic effects and operational resilience. For the Texas business landscape, NUBURU's activities highlight the state's role as a hub for defense technology companies, contributing to economic growth and innovation.

For more details, see the full press release at https://ibn.fm/51JUN. More information about NUBURU is available at www.nuburu.net.