NUBURU Announces Transition to New Equity Line of Credit
NUBURU, a leading innovator in high-power and high-brightness industrial blue laser technology, has announced the termination of its Equity Line of Credit (ELOC) with Lincoln Park. The company is transitioning to a new ELOC with Liqueous, which was previously announced on October 7th, 2024. NUBURU, trading under the symbol BURU on the NYSE American, believes that the Liqueous ELOC will support its path to commercialization. This strategic financial move demonstrates NUBURU's focus on securing funding to advance its innovative laser technology towards market readiness.
NUBURU, un innovatore leader nella tecnologia dei laser blu industriali ad alta potenza e luminanza, ha annunciato la cessazione della sua Linea di Credito Azionaria (ELOC) con Lincoln Park. L'azienda sta passando a una nuova ELOC con Liqueous, precedentemente annunciata il 7 ottobre 2024. NUBURU, quotata con il simbolo BURU sulla NYSE American, crede che la Linea di Credito con Liqueous supporterà il suo percorso verso la commercializzazione. Questa strategica mossa finanziaria dimostra il focus di NUBURU nel garantire finanziamenti per far progredire la sua innovativa tecnologia laser verso la prontezza per il mercato.
NUBURU, un innovador líder en tecnología láser azul industrial de alta potencia y alta luminosidad, ha anunciado la terminación de su Línea de Crédito de Capital (ELOC) con Lincoln Park. La compañía está haciendo la transición a una nueva ELOC con Liqueous, que se anunció previamente el 7 de octubre de 2024. NUBURU, que cotiza bajo el símbolo BURU en el NYSE American, cree que la ELOC de Liqueous apoyará su camino hacia la comercialización. Este movimiento financiero estratégico demuestra el enfoque de NUBURU en asegurar financiamiento para avanzar en su innovadora tecnología láser hacia la preparación para el mercado.
NUBURU, 고출력 및 고휘도 산업 청색 레이저 기술의 선도적 혁신 기업, 링컨 파크와의 주식 신용 한도(ELOC) 종료를 발표하였습니다. 회사는 2024년 10월 7일에 이전에 발표된 Liqueous와의 새로운 ELOC로 전환하고 있습니다. NUBURU는 NYSE American에서 BURU라는 기호로 거래되며, Liqueous ELOC가 상용화를 지원할 것이라고 믿고 있습니다. 이 전략적 재정적 결정은 NUBURU가 시장 준비를 위한 혁신적인 레이저 기술을 발전시키기 위해 자금을 확보하는 데 집중하고 있음을 보여줍니다.
NUBURU, un innovateur de premier plan dans la technologie des lasers bleus industriels à haute puissance et haute luminosité, a annoncé la résiliation de sa Ligne de Crédit Équity (ELOC) avec Lincoln Park. L'entreprise est en train de passer à une nouvelle ELOC avec Liqueous, annoncée précédemment le 7 octobre 2024. NUBURU, négociant sous le symbole BURU sur le NYSE American, croit que la Liqueous ELOC soutiendra son chemin vers la commercialisation. Ce mouvement financier stratégique démontre l'engagement de NUBURU à garantir un financement pour faire avancer sa technologie laser innovante vers la disponibilité sur le marché.
NUBURU, ein führender Innovator in der Hochleistungs- und hochhellen industriellen blauen Lasertechnologie, hat die Beendigung seiner Eigenkapitalkreditlinie (ELOC) mit Lincoln Park bekannt gegeben. Das Unternehmen wechselt zu einer neuen ELOC mit Liqueous, die zuvor am 7. Oktober 2024 angekündigt wurde. NUBURU, die unter dem Symbol BURU an der NYSE American gehandelt wird, ist überzeugt, dass die Liqueous ELOC seinen Weg zur Kommerzialisierung unterstützen wird. Dieser strategische finanzielle Schritt zeigt NUBURUs Fokus auf die Sicherung von Mitteln zur Förderung seiner innovativen Lasertechnologie in Richtung Marktreife.
- Transition to a new Equity Line of Credit (ELOC) with Liqueous
- Company believes the new ELOC will support its path to commercialization
- Termination of previous Equity Line of Credit with Lincoln Park
Insights
The transition from Lincoln Park to Liqueous for NUBURU's Equity Line of Credit (ELOC) is a strategic financial move that could impact the company's liquidity and growth potential. ELOCs are important for providing flexible capital access, especially for emerging tech companies like NUBURU in the industrial laser sector.
While the specific terms of the new ELOC with Liqueous aren't disclosed, this change suggests NUBURU is actively managing its financial resources to support its commercialization efforts. For a company with a relatively small market cap of
Investors should monitor how effectively NUBURU utilizes this new credit line and whether it translates into tangible progress towards commercialization of its blue laser technology. The success of this financial maneuver could significantly influence the company's ability to scale and compete in the industrial laser market.
About NUBURU
Founded in 2015, NUBURU, Inc. (NYSEAM: BURU) is a developer and manufacturer of industrial blue lasers that leverage fundamental physics and its 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, 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 continue to meet the security 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.
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Investor Relations:
NUBURU, Inc.
ir@nuburu.net
(720) 767-1400
Source: NUBURU, Inc.
FAQ
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