Nuburu closes $12 million public offering to fund acquisition plans

CENTENNIAL, Colo. - NUBURU, Inc. (NYSE American:BURU), a company focused on high-performance blue laser technology, announced Tuesday the closing of its previously disclosed $12 million public offering of common stock and warrants. The micro-cap company, currently valued at just $0.51 million, has seen its stock decline 77% year-to-date according to InvestingPro data.

The offering included the issuance of 32,373,536 common shares at $0.1428 per share and 51,660,075 pre-funded warrants at $0.1427 each. Additionally, the company issued 126,050,417 common warrants with an exercise price of $0.1714 per share, exercisable immediately and expiring in five years. InvestingPro analysis reveals the stock’s high volatility and challenging financial metrics, with a weak Financial Health Score of 0.66.

Joseph Gunnar & Co., LLC served as the exclusive placement agent for the transaction, which was conducted through an effective registration statement filed with the SEC.

According to the company’s statement, the proceeds will support NUBURU’s phased acquisition strategy, including its planned purchase of Tekne S.p.A., an Italian firm with a reported $500 million order portfolio. NUBURU has already secured a 3% equity interest in Tekne and aims to acquire the remaining 67% by the end of 2025, pending Italian government approval. With current revenues of just $0.01 million in the last twelve months and a concerning current ratio of 0.04, this acquisition represents a significant strategic pivot. Get deeper insights and 10+ additional financial tips with InvestingPro.

The funds will also support a U.S.-based joint venture that is 80% owned by Nuburu Defense LLC and 20% by Tekne. This venture is expected to unlock $7.5 million of Tekne’s existing orders in the Asia-Pacific region.

NUBURU also plans to pursue a controlling interest in Orbit S.r.l., a software-as-a-service startup specializing in operational resilience. The company noted that its Executive Chairperson holds a controlling interest in Orbit, and the transaction was approved by independent board members.

Founded in 2015 as a blue laser technology developer, NUBURU is now expanding into defense technology, security, and critical infrastructure resilience under Executive Chairman Alessandro Zamboni.

The information in this article is based on a press release statement from the company.

In other recent news, Nuburu, Inc. has announced a $12 million public offering to support its transition into a defense and security technology provider. This offering includes over 32 million common shares and more than 51 million pre-funded warrants, with additional common warrants allowing the purchase of up to 126 million shares. The company has outlined plans to establish a Defense & Security Hub, forming a joint venture with Italy’s Tekne S.p.A. to target markets in the Americas, Asia-Pacific, and NATO countries. Nuburu has also modified its acquisition terms for Tekne, following feedback from the Italian government’s "Golden Power" review. As part of a phased acquisition plan, Nuburu has acquired an initial 3% stake in Tekne, marking progress in its strategy. The acquisition will proceed in phases, with a full acquisition expected by Q4 2025. Nuburu has clarified that despite media reports, the acquisition has not been blocked but will follow a structured three-phase approach.

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