NUBURU ends partnership with HUMBL to focus on defense

CENTENNIAL, Colo. – NUBURU, Inc. (NYSE American: BURU), specializing in high-power blue laser technology, has terminated its Share Exchange Agreement and partnership with HUMBL, Inc. (OTC: HMBL), effective immediately. The initial agreement, set on February 28, 2025, aimed at combining NUBURU's laser technologies with HUMBL's distribution network in Brazil, targeting expansion throughout Latin America. The announcement comes as NUBURU faces significant market challenges, with its stock down nearly 98% over the past year and current market capitalization at just $0.64 million, according to InvestingPro data.

The decision to unwind the partnership follows a strategic review by NUBURU's management, concluding that the company's future efforts should concentrate on the defense and security sectors. These sectors are currently experiencing significant growth and development, aligning more closely with NUBURU's strategic vision. InvestingPro data reveals the urgency of this strategic shift, as the company's revenue declined by 76% in the last twelve months, with a concerning current ratio of 0.15, indicating potential liquidity challenges.

Alessandro Zamboni, Executive Chairman of NUBURU, commented on the shift in strategy, emphasizing the importance of focusing on the defense and technology sectors to drive the company's transformation and deliver shareholder value.

In line with its refocused strategy, NUBURU maintains a Joint-Pursuit Agreement (JPA) with a defense-tech company to develop advanced solutions, including directed energy weapons and surveillance systems. The company continues to enhance its technological offerings and is committed to integrating artificial intelligence, robotic process automation, and innovative fintech platforms to meet the evolving needs of its target markets.

Founded in 2015, NUBURU has been under the leadership of Zamboni, executing a growth and diversification strategy. Headquartered in Colorado, the company leverages strategic partnerships and acquisitions to boost its presence in high-value sectors.

This announcement is based on a press release statement from NUBURU, Inc. and does not include any speculative content. The company's future plans are subject to various risks and uncertainties that could cause actual results to differ from those currently anticipated. InvestingPro subscribers have access to 12 additional key insights about NUBURU, including detailed financial health metrics and growth indicators that could help assess the company's transformation potential.

In other recent news, NUBURU, Inc. has made notable strides in its business operations. The company announced a strategic move into the defense sector through a Joint-Pursuit Agreement with an undisclosed defense-tech company, aiming to produce advanced laser-tech products. This follows NUBURU's acquisition of a 20% stake in a defense and security hub, a deal valued at $25 million, signaling a significant expansion into defense and security markets. Additionally, NUBURU has entered into a financial agreement with Supply@ME Capital Plc, securing a convertible funding facility worth up to $5.15 million. This funding could potentially give NUBURU a controlling interest in SYME, aligning with its strategic growth plans.

The company also plans to integrate AI and robotic process automation into its operations through partnerships with COEPTIS' NexGenAI Affiliates Network and others. However, NUBURU faces financial challenges, as it has announced a public sale of assets following a notice of default on certain senior notes. The auction is scheduled to take place at the offices of K&L Gates LLP in New York. These developments highlight NUBURU's efforts to navigate its financial landscape while pursuing growth in high-value sectors.

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