Recent Updates — BURU
Nuburu, Inc. closed a public offering on July 17, 2026, raising approximately $38.0 million in gross proceeds, with net proceeds of approximately $35.6 million. The offering included common stock, pre-funded warrants, and Series B Preferred Stock sold at $0.1555 per share. The company intends to use the funds to advance the acquisition of Tekne S.p.A., redeem $15.5 million in debentures, and support its Defense & Security platform. Additionally, the company received a delisting notice from NYSE American because its stock traded below $0.10 and intends to implement a reverse stock split to regain compliance. Nuburu is a next-generation dual-use Defense & Security integrated platform company.
Nuburu, Inc. entered into a binding Head of Terms with SunCubes S.r.l. to develop a vehicle-integrated directed-energy "Laser Arm" system through an industrial, commercial, and technological cooperation framework. The company plans to contribute up to €1,000,000 to acquire a minority stake in SunCubes, with payments consisting of an initial €250,000 upon signing definitive agreements and a subsequent €750,000 upon receiving necessary Italian government and export-control clearances. Nuburu, Inc. operates in the high-power laser technology industry.