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CENTENNIAL, Colo. - Nuburu, Inc. (NYSE American:BURU), a micro-cap company ($0.63M market cap) focused on blue laser technology, announced Wednesday the implementation of a dual-CEO leadership structure as part of its ongoing transformation plan. According to InvestingPro data, the company faces significant challenges with its stock down nearly 78% year-to-date.
Effective October 1, the company has appointed Alessandro Zamboni and Dario Barisoni as co-Chief Executive Officers. Zamboni, who will continue his role as Executive Chairman, will oversee corporate strategy, financing, and investor relations. Barisoni will focus on business operations, acquisition integration, and developing strategies for the defense sector.
The company stated this leadership change supports its transformation plan aimed at achieving revenue growth beginning in Q4 2025 through strategic acquisitions and international alliances.
Both executives have also taken leadership positions at Nuburu Defense LLC, a wholly-owned subsidiary, with Zamboni serving as Chairman and Barisoni as CEO, indicating the company’s focus on expanding in the defense market.
Barisoni brings over 30 years of experience in the defense-tech and technology sectors. Prior to this appointment, he served as a Non-Executive Director at Nuburu for nine months and previously held senior leadership positions at European technology companies.
Founded in 2015, Nuburu initially focused on industrial blue laser technology but is now expanding into defense-tech, security, and critical infrastructure sectors under Zamboni’s leadership.
The announcement was made in a company press release, which described the dual-CEO structure as "a pivotal step" in Nuburu’s transformation that aligns with a model that "historically, has demonstrated the potential to create significant value for shareholders in complex, growth-oriented companies."
In other recent news, Nuburu, Inc. has completed a $12 million public offering to support its acquisition plans. The offering included 32,373,536 common shares and 51,660,075 pre-funded warrants, both priced at approximately $0.1428 per share. Additionally, the company issued 126,050,417 common warrants with an exercise price of $0.1714 per share, which are immediately exercisable and will expire in five years. This funding is intended to bolster Nuburu’s transformation into a defense and security technology provider. In line with these strategic goals, Nuburu has formed a new subsidiary, Nuburu Defense LLC, to focus on defense and security initiatives. The company plans to acquire a controlling interest in Orbit S.r.l., a software-as-a-service startup specializing in operational resilience, by the end of October. Furthermore, Nuburu has signed a framework agreement with an undisclosed strategic partner to evaluate a potential acquisition aimed at expanding its defense applications business. This agreement would provide Nuburu with access to expertise in laser and photonics design, development, and production capabilities.
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