NUBURU invests in fintech to diversify assets

CENTENNIAL, Colo. - NUBURU, Inc. (NYSE American: BURU), known for its high-power blue laser technology and currently valued at a market capitalization of $0.84 million, has announced a strategic investment in Supply@ME Capital Plc (LON:SYME), a fintech platform offering Inventory Monetisation solutions. According to InvestingPro data, NUBURU has faced significant challenges, with revenue declining 75.88% in the last twelve months. The investment aligns with NUBURU’s growth strategy and capital-light business model, focusing on AI, robotics, and fintech.

The $5.15 million convertible funding facility to SYME, supported by SFE Equity Investment SARL, will grant NUBURU a controlling interest upon conversion to SYME shares. This move comes after NUBURU successfully cleared its long-term debt, enhancing its financial flexibility for future endeavors. However, InvestingPro analysis shows the company maintains a concerning current ratio of 0.15, indicating potential liquidity challenges.

Alessandro Zamboni, NUBURU’s Executive Chairman and SYME’s founder and CEO, stated that the investment will improve operational efficiency and market responsiveness for both NUBURU and its clients. He emphasized the commitment to sustainable growth through strategic development in critical industries.

NUBURU’s investment in SYME is part of a broader transformation plan, which includes adopting SYME’s platform to access off-balance sheet finance solutions. This will provide liquidity for NUBURU to maintain competitive inventory levels and support its business operations.

Founded in 2015, NUBURU has been expanding its expertise into sectors such as defense-tech and security under new management. The company is headquartered in Centennial, Colorado, and is leveraging strategic partnerships to accelerate growth in high-value sectors. InvestingPro reveals the company faces significant operational challenges, with an EBITDA of -$14.12 million in the last twelve months. Subscribers can access 13 additional ProTips and comprehensive financial metrics to better understand NUBURU’s market position and growth potential.

Supply@ME Capital plc, through its subsidiaries, enables manufacturing and trading companies to generate cash flow without incurring debt by monetizing their inventory via a third-party funded platform.

This press release contains forward-looking statements, which involve risks and uncertainties. Actual results could differ materially from those anticipated due to various factors, including the company’s ability to meet listing standards, maintain relationships, manage growth, and adapt to legal and economic conditions. The press release encourages readers not to place undue reliance on these forward-looking statements, which are based on current expectations and speak only as of the date of their publication.

This news article is based on a press release statement from NUBURU, Inc.

In other recent news, Nuburu, Inc. has completed a strategic acquisition of a 20% stake in a defense and security hub for $25 million, marking its expansion into the defense and security sectors. This acquisition, which includes $1.5 million in cash and $23.5 million in five-year notes, is part of a two-stage plan aiming for a controlling interest, pending stockholder approval. Meanwhile, Nuburu faces financial challenges as it plans a public auction of assets after receiving a default notice on senior notes, with the auction scheduled for February 2025. In response to these challenges, Nuburu has entered into agreements to address its debts and secure funding, including a financial commitment from Liqueous LP. The company has also undergone significant leadership changes, with several executive resignations as part of a broader Transformation Plan. Additionally, the company’s Board of Directors has expanded from four to six members, appointing Dario Barisoni and Shawn Taylor as new directors. These developments reflect Nuburu’s ongoing efforts to stabilize its financial position and enhance its governance and strategic direction.

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