Nuburu Inc. closed a $38 million public offering led by a single-family office. The company priced the offering at a premium to its current market value. Proceeds will fund the proposed acquisition of Italian defense firm Tekne S.p.A. and retire significant outstanding debt.
The NYSE American initiated delisting proceedings against Nuburu due to its low stock price. Exchange officials suspended trading in the company's shares on July 17, 2026. Nuburu plans to appeal the decision and will implement a shareholder-approved reverse stock split to regain compliance.