NUBURU Announces Revised Date for Strategic 1-for-40 Reverse Stock Split
NUBURU, Inc. (OTC: BURU), a leader in high-power industrial blue laser technology, has announced a revised date for its 1-for-40 reverse stock split. The new record date is set for July 23, 2024, with trading on a split-adjusted basis expected to begin on July 24, 2024. CEO Brian Knaley stated that this strategic move aims to pursue resuming trading on NYSE and attract larger investors. The company's stock will continue trading under the symbol 'BURU' but will be assigned a new CUSIP number. However, NUBURU cautions that there's no guarantee of sustained stock price increase or successful relisting on NYSE American.
NUBURU, Inc. (OTC: BURU), un leader nella tecnologia dei laser blu industriali ad alta potenza, ha annunciato una data rivista per il suo frazionamento azionario inverso 1-per-40. La nuova data di registrazione è fissata per 23 luglio 2024, con l'inizio delle negoziazioni su base adeguata al frazionamento previsto per il 24 luglio 2024. Il CEO Brian Knaley ha dichiarato che questa mossa strategica mira a riavviare la negoziazione sul NYSE e ad attrarre investitori di maggiori dimensioni. Le azioni dell'azienda continueranno a essere negoziate con il simbolo 'BURU', ma sarà assegnato un nuovo numero CUSIP. Tuttavia, NUBURU avverte che non c'è garanzia di un aumento sostenuto del prezzo delle azioni o di una listazione di successo sul NYSE American.
NUBURU, Inc. (OTC: BURU), un líder en tecnología de láser azul industrial de alta potencia, ha Anunciado una fecha revisada para su división de acciones inversa 1-por-40. La nueva fecha de registro está programada para el 23 de julio de 2024, con el inicio de las negociaciones en base ajustada a la división esperado para el 24 de julio de 2024. El CEO Brian Knaley declaró que este movimiento estratégico tiene como objetivo retomar la negociación en NYSE y atraer a inversores más grandes. Las acciones de la empresa seguirán negociándose bajo el símbolo 'BURU', pero se les asignará un nuevo número CUSIP. Sin embargo, NUBURU advierte que no hay garantía de un aumento sostenido en el precio de las acciones o de una realista de éxito en NYSE American.
NUBURU, Inc. (OTC: BURU), 고출력 산업용 파란색 레이저 기술의 선두주자가 1대 40의 주식 분할 날짜를 수정해서 발표했습니다. 새로운 기준일은 2024년 7월 23일로 정해졌으며, 분할 조정 기준으로 거래가 시작될 것으로 예상되는 날짜는 2024년 7월 24일입니다. CEO 브라이언 크날리는 이 전략적 조치가 NYSE에서의 거래 재개를 추진하기 위한 것이라고 밝혔습니다. 회사의 주식은 'BURU' 기호 아래 계속 거래되지만 새로운 CUSIP 번호가 부여됩니다. 그러나 NUBURU는 주가의 지속적인 상승이나 NYSE American에 성공적으로 재상장될 것이라는 보장이 없음을 경고합니다.
NUBURU, Inc. (OTC: BURU), un leader dans la technologie des lasers bleus industriels haute puissance, a annoncé une date révisée pour son fractionnement d'actions inversé 1 pour 40. La nouvelle date d'enregistrement est fixée au 23 juillet 2024, avec le début des échanges sur la base ajustée à la fraction attendu pour le 24 juillet 2024. Le PDG Brian Knaley a déclaré que cette manœuvre stratégique vise à reprendre les échanges sur le NYSE et à attirer des investisseurs plus importants. Les actions de l'entreprise continueront à se négocier sous le symbole 'BURU', mais un nouveau numéro CUSIP sera attribué. Cependant, NUBURU met en garde contre le fait qu'il n'y a aucune garantie d'une augmentation soutenue du prix des actions ou d'une successful relisting sur le NYSE American.
NUBURU, Inc. (OTC: BURU), ein führendes Unternehmen in der Technologie für industrielle blaue Laser mit hoher Leistung, hat ein aktualisiertes Datum für seinen 1-zu-40 Aktienrücksplit bekannt gegeben. Das neue Stichtag ist auf den 23. Juli 2024 festgelegt, und der Handel auf gesplitteter Basis wird voraussichtlich am 24. Juli 2024 beginnen. CEO Brian Knaley erklärte, dass dieser strategische Schritt darauf abzielt, den Handel an der NYSE wieder aufzunehmen und größere Investoren anzuziehen. Die Aktien des Unternehmens werden weiterhin unter dem Symbol 'BURU' gehandelt, erhalten jedoch eine neue CUSIP-Nummer. NUBURU warnt jedoch, dass es keine Garantie für einen nachhaltigen Anstieg des Aktienkurses oder eine erfolgreiche Neulistung an der NYSE American gibt.
- Strategic 1-for-40 reverse stock split aimed at resuming NYSE trading
- Potential to attract larger investors who avoid low-priced stocks
- No assurance of sustained stock price increase post-split
- Uncertainty about successfully relisting on NYSE American
“This Reverse Split is part of our overall strategic efforts to pursue resuming trading on NYSE and attract larger investors who may not otherwise invest in low-price stock,” said Brian Knaley, CEO of NUBURU, Inc. The Reverse Split is expected to become effective on July 23, 2024 after the close of market. The Common Stock should begin trading on a split-adjusted basis at the commencement of trading on July 24, 2024, under the Company’s existing trading symbol “BURU.” The Common Stock will be assigned a new CUSIP number, 67021W301, in connection with the Reverse Split. The Company cannot provide assurance that its trading price will increase as anticipated, or if such increase does occur, that it will be sustained, or that such increase will result in the Company resuming trading on NYSE American.
About NUBURU
Founded in 2015, NUBURU, Inc. (OTC: BURU) is a developer and manufacturer of industrial blue lasers that leverage fundamental physics and their high-brightness, high-power design to produce faster, higher quality welds and parts than current lasers can provide in laser welding and additive manufacturing of copper, gold, aluminum, and other industrially essential metals. NUBURU's industrial blue lasers produce minimal to defect-free welds up to eight times faster than the traditional approaches — 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, including relating to its partnership with GE Additive. 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: anticipated benefits associated with laser-based additive manufacturing. 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 meet security exchange listing standards and regain listed status; (2) failure to achieve expectations regarding its product development and pipeline; (3) the inability to access sufficient capital to operate as anticipated, whether from Lincoln Park Capital Fund, LLC or other sources; (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.
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Investor Contact Info:
NUBURU, Inc.
ir@nuburu.net
(720) 767-1400
Source: NUBURU, Inc.
FAQ
When is NUBURU's 1-for-40 reverse stock split scheduled to take effect?
What is the new CUSIP number for NUBURU (BURU) stock after the reverse split?
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When will NUBURU (BURU) stock begin trading on a split-adjusted basis?
