NUBURU, Inc. (NYSE American: BURU) has closed its previously announced $12 million public offering and anticipates that trading of its common stock on the NYSE American will resume on March 2, 2026. This follows a 1-for-4.99 reverse stock split executed to restore compliance with the exchange's minimum trading price requirement. Trading in the company's shares was halted on February 13, 2026, after the stock price fell below $0.10. Management noted that if the share price again drops below that threshold after trading resumes, the shares could face another halt and potential delisting.
The public offering consisted of 58,379,137 shares of common stock, 50,711,772 pre-funded warrants, and common warrants exercisable for up to 163,636,364 shares. Joseph Gunnar & Co. LLC acted as the exclusive placement agent for the transaction. The capital infusion and the reverse split are pivotal for the company's immediate financial stability and its continued listing on a major exchange, which is crucial for maintaining investor access and corporate credibility.
This financial maneuver is set against the backdrop of NUBURU's ongoing strategic transformation. Founded in 2015, the company is shifting from its origins as a laser-technology firm to become a dual-use Defense & Security platform provider. This strategic pivot, detailed on the company's website at https://www.nuburu.net, involves leveraging proprietary directed-energy technologies, non-kinetic defense capabilities, mission-critical software, and targeted industrial partnerships and acquisitions. The company aims to address high-value markets in defense, security, and operational resilience.
The implications of this announcement are significant for investors and the broader defense technology sector. The successful closing of the $12 million offering provides NUBURU with essential working capital to fund its strategic initiatives and operational needs during its transformation. For shareholders, the reverse stock split and planned resumption of trading are critical steps to preserve the stock's listing, though the company's caution about potential future halts and delisting if the price falls again underscores the ongoing volatility and risk associated with the stock.
For the industry, NUBURU's refocused strategy on defense and security platforms highlights the growing convergence of advanced technology sectors, such as directed energy, with national security needs. The company's ability to secure funding despite recent trading difficulties suggests investor confidence in its long-term strategic direction. The broader market impact centers on how small-cap companies navigating compliance issues can utilize financial engineering and strategic pivots to sustain operations and pursue growth in competitive, capital-intensive fields like defense technology. The full details of the offering were disclosed in a press release available at https://ibn.fm/WBfNf.
