NUBURU Expects to Report Positive Stockholders’ Equity and Provides NYSE American Listing Compliance Update
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NUBURU expects to report positive stockholders’ equity in excess of such
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Based on preliminary unaudited financial information, the Company expects to report stockholders’ equity of approximately
Based on management’s current plan, the Company expects to demonstrate compliance with the increased,
NYSE American notices do not have an immediate effect on the listing or trading of the Company’s common stock, which continues to trade on NYSE American under the symbol BURU with the designation of “.BC” to indicate that the company is not in compliance with continued listing requirements.
The expected stockholders’ equity discussed in this release is preliminary and unaudited, is based on information available to management as of the date hereof, and remains subject to completion of the Company’s financial closing procedures, final review, and risks described in this release and incorporated by reference. Actual results may differ materially from preliminary expectations.
About
Founded in 2015, Nuburu is executing a strategic transformation from a laser-technology company into a dual-use Defense & Security platform provider. Through a combination of proprietary directed-energy technologies, non-kinetic defense capabilities, mission-critical software, and targeted industrial partnerships and acquisitions, Nuburu addresses high-value defense, security, and operational-resilience markets.
For more information, visit www.nuburu.net.
Forward-Looking Statements
This press release contains certain “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact contained in this press release may be forward-looking statements, identified by words such as “may,” “should,” “expect,” “intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,” “plan,” “seek,” “targets,” “projects,” “could,” “would,” “continue,” “forecast,” or their negatives or variations. These statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially, including but not limited to: (1) the ability to meet applicable securities exchange listing standards; (2) the impact of the loss of the Company’s patent portfolio through foreclosure; (3) failure to achieve expectations regarding business development and acquisition strategies; (4) inability to access sufficient capital; (5) inability to realize anticipated benefits of acquisitions; (6) changes in applicable laws or regulations; (7) adverse economic, business, or competitive factors; (8) financial market volatility due to geopolitical and economic factors; and (9) other risks detailed in the Company’s
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NUBURU Investor Relations: ir@nuburu.net
Media Contact: press@nuburu.net
Website: www.nuburu.net
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