Notice of Regaining Compliance with the NYSE

Rhea-AI Summary

NUBURU (NYSE American: BURU), a company specializing in high-power and high-brightness industrial blue laser technology, has announced that it has regained compliance with NYSE American Market's listing standards. The company has successfully addressed the deficiencies identified by the Exchange on November 18, 2024, which were related to having an insufficient number of independent directors on its board.

Positive

• Regained NYSE American Market listing compliance
• Resolved independent director deficiency issue

Negative

• None.

Insights

Corporate Governance Expert

The resolution of NUBURU's listing compliance issue with NYSE American marks a critical corporate governance milestone. The previous deficiency regarding independent directors posed a serious threat to the company's market presence and accessibility to investors. Independent directors play a vital role in protecting shareholder interests, providing oversight and ensuring proper corporate governance - particularly important for emerging technology companies like NUBURU in the industrial laser sector.

The successful compliance resolution carries several key implications:

• Maintains institutional investor access, as many have mandates restricting investment in non-compliant companies
• Preserves market liquidity and trading mechanisms available through NYSE American
• Reduces regulatory risk and associated legal/administrative costs
• Strengthens corporate governance framework, potentially improving decision-making and oversight

For micro-cap companies like NUBURU, maintaining exchange listing requirements is particularly challenging but essential for long-term viability and market credibility. The swift resolution demonstrates management's commitment to meeting regulatory standards and protecting shareholder interests, though investors should continue monitoring corporate governance practices as the company develops.

CENTENNIAL, Colo.--(BUSINESS WIRE)-- NUBURU, Inc. (“NUBURU” or the “Company”) (NYSE American: BURU), a leading innovator in high-power and high-brightness industrial blue laser technology, today announced it was provided notice by NYSE American Market (the “Exchange”) that it has successfully resolved the deficiencies identified by the Exchange on November 18, 2024 (relating to Nuburu having an insufficient number of independent directors), and Nuburu is now compliant with NYSE American Market’s continued listing standards.

About NUBURU

Founded in 2015, NUBURU, Inc. (NYSEAM: BURU) is a developer and manufacturer of industrial blue lasers that leverage fundamental physics and high-brightness, high-power design to produce higher quality welds and parts at a faster rate than current lasers can produce for laser welding and additive manufacturing of copper, gold, aluminum and other industrially important metals. NUBURU’s industrial blue lasers produce minimal to defect-free welds at a rate that is up to eight times faster than traditional welding methods — all with the flexibility inherent to laser processing. For more information, please 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. Some of these forward-looking statements can be identified by the use of forward-looking words, including “may,” “should,” “expect,” “intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,” “plan,” “seek,” “targets,” “projects,” “could,” “would,” “continue,” “forecast” or the negatives of these terms or variations of them or similar expressions. Forward-looking statements in this press release include, among other things, developments with our Board of Directors and our compliance with Exchange listing standards. All forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All forward-looking statements are based upon estimates, forecasts and assumptions that, while considered reasonable by NUBURU and its management, are inherently uncertain and many factors may cause the company’s actual results to differ materially from current expectations which include, but are not limited to: (1) the ability to continue to meet the Exchange’s listing standards; (2) failure to achieve expectations regarding its product development and pipeline; (3) the inability to access sufficient capital to operate as anticipated; (4) the inability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition, the ability of the company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (5) changes in applicable laws or regulations; (6) the possibility that NUBURU may be adversely affected by other economic, business and/or competitive factors; (7) volatility in the financial system and markets caused by geopolitical and economic factors; (8) failing to realize benefits from the partnership with GE Additive; and (9) other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in NUBURU’s most recent periodic report on Form 10-K or Form 10-Q and other documents filed with the Securities and Exchange Commission from time to time. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. NUBURU does not give any assurance that it will achieve its expected results. NUBURU assumes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, except as otherwise required by applicable law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250123460559/en/

Investor Relations:

NUBURU, Inc.


ir@nuburu.net


(720) 767-1400

Source: NUBURU, Inc.

FAQ

What was the listing deficiency NUBURU (BURU) resolved with NYSE American in 2024?

NUBURU resolved a deficiency related to having an insufficient number of independent directors, which was identified by NYSE American Market on November 18, 2024.

When did NUBURU (BURU) regain NYSE American listing compliance?

NUBURU received notice of regaining compliance with NYSE American listing standards following the resolution of deficiencies identified on November 18, 2024.

What were the requirements NUBURU (BURU) had to meet for NYSE American compliance?

NUBURU had to address deficiencies related to having an adequate number of independent directors to meet NYSE American Market's continued listing standards.

Will NUBURU (BURU) continue trading on NYSE American after resolving the compliance issue?

Yes, NUBURU will continue trading on NYSE American as it has successfully resolved the listing deficiencies and is now compliant with the Exchange's continued listing standards.