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Stock impact report

NUBURU Prices ~$12M Public Offering to Accelerate Execution of Defense & Security Transformation Plan

Nuburu, Inc. (BURU) 
Company Research Source: Business Wire
DENVER--(BUSINESS WIRE)--NUBURU, Inc. (NYSE American: BURU), a dual-use Defense & Security platform company focused on non-kinetic effects, directed-energy technologies, and software-orchestrated defense systems, today announced the pricing of a $12 million public offering. The financing is intended to accelerate execution of the Company’s Defense & Security Transformation Plan and strengthen the Company’s capital position as it advances its integrated Defense & Security platform strategy.The public offering consisted of the issuance and sale of approximately $12 million of common stock and pre-funded warrants in lieu of shares at a subscription price of $0.11 per share and $0.1099 per pre-funded warrant, representing 58,379,137 shares of common stock and 50,711,772 pre-funded warrants. In connection with the offering, the Company also issued common warrants representing up to 150% warrant coverage relative to the shares issued, structured to provide potential additional capital u Show less Read more
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