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CENTENNIAL, Colo. - NUBURU, Inc. (NYSE American: BURU), recognized for its high-power blue laser technology, has entered into an equity purchase agreement with YA II PN, Ltd., providing the option to sell up to $100 million in shares until May 30, 2028. The company’s stock, currently trading at $0.37, has shown remarkable volatility with a 132% surge in the past week, according to InvestingPro data. The agreement, signed on May 30, 2025, allows NUBURU to strategically manage the timing and quantity of stock sales, with the sale price set at 97% of the lowest daily volume-weighted average price post-notice submission.
The capital raised is earmarked for general corporate purposes, advancing NUBURU’s growth initiatives as outlined in its transformation plan. InvestingPro analysis reveals the company faces financial challenges, with a current ratio of 0.03 and negative EBITDA of $16.53 million in the last twelve months. Subscribers to InvestingPro can access 12 additional key financial indicators and expert insights about NUBURU’s financial health. This includes the potential acquisition of a controlling interest in Tekne S.p.A., a firm integrating advanced electronics with specialized vehicle engineering. Tekne, with a history of collaboration with U.S.-based Flyer Defense, is poised to enhance its U.S. presence and establish a technology lab dedicated to American defense-tech needs.
Joseph Gunnar & Co., LLC served as the sole placement agent for the private placement. NUBURU’s Executive Chairman, Alessandro Zamboni, emphasized the agreement’s role in fueling the company’s growth and focus on transformative acquisitions.
Founded in 2015, NUBURU is pursuing a growth and diversification strategy, targeting sectors such as defense-tech, security, and operational resilience, leveraging strategic partnerships and acquisitions to boost its market presence. InvestingPro data shows the company operates as a niche player in its industry, with revenue of just $0.06 million in the last twelve months and a market capitalization of $1.41 million.
This press release contains forward-looking statements regarding the company’s future operations and performance. The company cautions that these statements are subject to risks and uncertainties that could cause actual results to differ materially. Factors that may influence outcomes include the ability to meet exchange listing standards, the impact of patent portfolio loss, and the effectiveness of the company’s business and acquisition strategies.
The information in this article is based on a press release statement from NUBURU, Inc.
In other recent news, NUBURU, Inc. is in the process of acquiring Tekne S.p.A., a company with expertise in electronic warfare and cyber capabilities, pending regulatory and stockholder approvals. Tekne has annual revenues of $50 million and a strong order backlog of $309 million, which NUBURU aims to leverage for new revenue streams and operational efficiencies. In a related move, NUBURU has filed a $100 million Form S-3 with the SEC to support its acquisition strategy, including the purchase of a Defense & Security Hub projected to bolster revenues significantly in 2025. The company is also forming a strategic working group to enhance its Blue-Laser Business Unit, aiming to develop vertical applications for the defense sector. Additionally, NUBURU plans to restate its financial statements for 2023 and 2024 due to identified misstatements related to debt issuance costs and senior convertible notes. The company has acknowledged a material weakness in its financial reporting controls and will address these issues in its upcoming Annual Report. NUBURU’s strategic updates also include partnerships to integrate AI technologies and optimize marketing strategies, as well as investments in fintech solutions to improve inventory management. These developments reflect NUBURU’s commitment to innovation and growth within the defense technology and AI sectors.
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