NUBURU Announces Revised Date for Strategic 1-for-40 Reverse Stock Split
2024年6月29日 - 8:44AM
ビジネスワイヤ(英語)
NUBURU, Inc. (“NUBURU” or the “Company”) (OTC: BURU), a leading
innovator in high-power and high-brightness industrial blue laser
technology, announced a revised date for the implementation of a
1-for-40 reverse stock split (“Reverse Split”). The new record date
for the Reverse Split is July 10, 2024.
“We are moving the Reverse Split from July 1, 2024 to July 10,
2024 to better coordinate with 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 10, 2024 after the close of market. The Common
Stock should begin trading on a split-adjusted basis at the
commencement of trading on July 11, 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. (ticker: 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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NUBURU, Inc. ir@nuburu.net (720) 767-1400