Nuburu Stock Price, News & Analysis

NUBURU (NYSE American: BURU), a leader in high-power industrial blue laser technology, has completed the first phase of its strategic acquisition in the defense and security sector. The company acquired a 20% ownership stake for $1.5 million in cash and $23.5 million in five-year notes with 10% interest rate.

The acquisition targets include a defense-tech company and a Software as a Service startup focused on operational resilience. The second phase, pending stockholder approval, will give NUBURU a controlling interest in these entities. The target companies currently serve approximately 60 clients across 7 countries including USA, Italy and UAE, with a backlog of orders totaling $309 million and additional options worth $181 million.

This strategic move aligns with NUBURU's recent partnership with NexGenAI and aims to integrate AI-driven solutions and robotic process automation capabilities. The acquisition includes plans for a joint development agreement to facilitate advanced laser technology adoption in the defense sector.

NUBURU (NYSE: BURU), a high-power industrial blue laser technology company, has announced a strategic partnership with COEPTIS' NexGenAI Affiliates Network (NASDAQ: COEP) as part of its comprehensive Transformation Plan. The initiative, led by Executive Chairman Alessandro Zamboni, aims to enhance operational efficiency and revamp the company's business model.

The Transformation Plan focuses on leveraging NUBURU's blue-laser technology expertise while pursuing strategic acquisitions and commercial alliances. The partnership with NextGen will specifically target the enhancement of marketing and B2B sales processes, particularly in the defense and security sector, where NUBURU sees significant growth opportunities.

NextGen's platform will contribute advanced AI algorithms and data analytics to optimize marketing strategies and enhance customer engagement. This collaboration represents a key step in NUBURU's strategy to position itself as a tech and business growth enabler for its future subsidiaries and strategic ventures.

NUBURU (NYSE: BURU) and HUMBL (OTC: HMBL) have announced a $2 million Equity Swap Agreement and strategic partnership. Under the agreement, NUBURU will issue $2 million in common stock to HUMBL, while HUMBL will issue an equal amount of Series C Preferred Stock to NUBURU. Upon satisfying regulatory approvals, 70% of NUBURU shares will be distributed to HUMBL stockholders as a dividend.

The partnership includes a Master Distribution Agreement making HUMBL the exclusive distributor in Brazil for NUBURU's existing business and Defense and Security Portfolio. Future performance-based incentives may allow HUMBL to expand exclusivity to all of Latin America. The alliance combines NUBURU's technological expertise in high-power blue laser technology with HUMBL's market presence in Brazil, supported by Ybyra Capital's regional network.

NUBURU (NYSE: BURU), a high-power industrial blue laser technology company, has announced a strategic acquisition agreement to expand its defense business and enter the security sector. The company has entered a commitment letter with a private equity group for a transaction that includes recapitalization, multiple acquisitions, and technology licensing.

The initiative involves a two-stage acquisition process: First stage involves acquiring a 20% ownership interest for $1.5 million in cash and $23.5 million in five-year notes at 10% interest. The second stage, requiring stockholder approval, will result in NUBURU gaining controlling interest through issuance of >20% of company stock.

The acquisition targets include: (1) Defense technology licensing, (2) Controlling stake in a defense-tech company specializing in vehicle design and security systems, and (3) Controlling interest in a SaaS startup focused on operational resilience. The defense market is projected to grow from $491.06B in 2024 to $527.06B in 2025 (7.3% CAGR), while the cybersecurity market is expected to expand from $243.15B to $267.51B (10% CAGR).

NUBURU (NYSE American: BURU), a company specializing in high-power and high-brightness industrial blue laser technology, has announced that it has regained compliance with NYSE American Market's listing standards. The company has successfully addressed the deficiencies identified by the Exchange on November 18, 2024, which were related to having an insufficient number of independent directors on its board.

NUBURU (NYSE American: BURU), a high-power industrial blue laser technology company, received a Warning Letter from NYSE Regulation for violating Sections 301 and 713 of the NYSE American Company Guide. The violations occurred when the company issued approximately 4.6 million common shares between May 2024 and August 2024 through convertible promissory note conversions without proper NYSE approval and stockholder authorization. Section 301 requires prior approval for listing additional securities, while Section 713 mandates stockholder approval for issuing 20% or more of outstanding stock below market value. NUBURU is implementing additional controls to prevent future violations, and NYSE Regulation has confirmed the matter is resolved following this disclosure.

NUBURU (NYSE American: BURU) has received a notice of non-compliance from the NYSE American Market due to its Audit Committee no longer having the required minimum of two independent directors following a recent resignation. The company has until January 4, 2025, to regain compliance with this listing standard. While the company's stock continues to trade under 'BURU', the Board is actively seeking two new independent directors. There is no immediate effect on the stock listing, though compliance within the permitted timeframe is not guaranteed.

NUBURU, Inc. (NYSE American: BURU), a leader in high-power industrial blue laser technology, has cancelled its Special Proxy Statement. The company did not receive enough proxies for a quorum and has withdrawn the proposals from stockholder consideration. NUBURU plans to include these proposals in its annual meeting proxy statement, expected to be filed by October 31, 2024.

The cancelled proposals, deemed critical for raising working capital and supporting business plans, will be resubmitted at the annual stockholders' meeting. NUBURU emphasizes that stockholder approval is necessary to proceed with secured investors and required financing, which are essential for the company's path to commercialization.

New to The Street announces its upcoming sponsored programming on Bloomberg TV, airing Saturday, October 12, at 6:30 PM EST. The lineup features innovative companies including ZAPP, NUBURU, and ACURX Pharmaceuticals, showcasing advancements in electric vehicles, blue laser technology, and antibiotic innovation respectively. The program will also include The Sustainable Green Team highlighting eco-friendly solutions for environmental sustainability, and SEKUR returning with its "Hack of the Week" segment, focusing on cybersecurity threats and privacy protection.