Nuburu Closes $38.0M Public Offering; Addresses Delisting

Key Highlights

• Nuburu closed a best efforts public offering, generating gross proceeds of approximately $38.0 million.
• Net proceeds from the offering are expected to be approximately $35.6 million.
• The offering included 117,365,368 shares of common stock, 127,007,616 pre-funded warrants, and 733,853 shares of Series B Preferred Stock.
• The combined offering price was $0.1555 per share of common stock and accompanying Series B Preferred Stock.
• The offering price represented approximately a 30% premium to the $0.1199 closing price on July 15, 2026.
• Proceeds will be used to advance the proposed acquisition of a 70% controlling interest in Tekne S.p.A.
• Proceeds will also redeem approximately $15.5 million of outstanding debentures and $1.25 million of convertible notes.
• The company received a delisting notice from NYSE American and plans to appeal and implement a reverse stock split.