NUBURU Announces Revised Date for Strategic 1-for-40 Reverse Stock Split
NUBURU INC (BURU)
Company Research
Source: Business Wire
CENTENNIAL, Colo.--(BUSINESS WIRE)--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
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BURU
News
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- NUBURU Announces Strategic 1-for-40 Reverse Stock Split to Enhance Shareholder Value and Return to Trading on NYSE AmericanBusiness Wire
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- NUBURU to Appeal NYSE Commencement of Proceedings to DelistBusiness Wire
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