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CENTENNIAL, Colo. - NYSE American LLC has accepted NUBURU, Inc.’s (NYSE American:BURU) plan to regain compliance with continued listing standards, granting the company an extension through October 29, 2026, according to a press release statement. The micro-cap company, currently trading at $0.31 with a market capitalization of $1.15 million, has seen its stock price decline 52.8% year-to-date, according to InvestingPro data.
The exchange had notified NUBURU on April 29, 2025, of non-compliance with Section 1003(a)(i) of the NYSE American Company Guide due to a stockholders’ deficit of $(37.8) million as of December 31, 2024, and losses in the two most recent fiscal years. InvestingPro analysis reveals concerning metrics, including a weak financial health score of 0.66 and a current ratio of 0.03, indicating significant liquidity challenges.
Following review of the company’s May 29 plan and financial projections, NYSE Regulation approved NUBURU to continue its listing while executing key initiatives. These include advancing its Defense & Security Hub initiative, strengthening its financial position through debt recapitalization, and supporting the market positioning of its blue laser business unit.
"This NYSE approval is a critical step in our transformation journey," said Alessandro Zamboni, Executive Chairman of NUBURU.
The company is also progressing toward acquiring a controlling interest in Tekne S.p.A., which remains subject to the Italian government’s Golden Power review, expected to conclude by August 25, 2025.
NUBURU will provide quarterly updates to NYSE Regulation staff alongside its SEC filings. If the company fails to regain compliance by the extension deadline or make progress consistent with its plan, NYSE Regulation may initiate delisting proceedings.
Founded in 2015, NUBURU developed industrial blue laser technology and is now expanding into defense-tech, security, and critical infrastructure resilience under Zamboni’s leadership. With its next earnings report due on August 19, 2025, investors can access comprehensive financial analysis and 8 additional key insights through InvestingPro’s detailed company report.
In other recent news, Nuburu, Inc. reported significant developments that may interest investors. The company announced the approval of key proposals by its stockholders, which include an increase in authorized share capital and the ratification of financing agreements. These measures are part of Nuburu’s strategy to transition into a defense-tech-focused enterprise. Additionally, Nuburu is making progress in its acquisition of Italian defense technology company Tekne S.p.A., with the regulatory approval process moving forward through Italy’s Golden Power review. This acquisition aligns with Nuburu’s strategic shift into defense and security markets, and Tekne is expected to generate over €50 million in revenue from its projects with the Italian Ministry of Defense. Moreover, Nuburu has secured a $100 million equity purchase agreement with YA II PN, Ltd., which allows the company to sell shares strategically until 2028. The capital from this agreement is intended to support Nuburu’s growth initiatives and potentially fund the acquisition of a controlling interest in Tekne. These developments indicate Nuburu’s commitment to expanding its presence in the defense sector.
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