NUBURU Announces Strategic 1-for-40 Reverse Stock Split to Enhance Shareholder Value and Return to Trading on NYSE American
NUBURU INC (BURU)
Company Research
Source: Business Wire
CENTENNIAL, Colo.--(BUSINESS WIRE)--NUBURU, Inc. (“NUBURU” or the “Company”) (NYSE American: BURU) (OTC: BURU), a leading innovator in high-power and high-brightness industrial blue laser technology, announced that it will continue its previously announced plan to implement a 1-for-40 reverse stock split of its common stock (“Reverse Split”), with an anticipated implementation date of July 1, 2024 (the “Effective Date”), rather than the previously announced June 24, 2024 anticipated implementation date. Due to the NYSE halting trading in the common stock upon the initial announcement of the Reverse Split, the Company was unable to implement the Reverse Split as announced. The Company is in the process of appealing the NYSE's determination to initiate proceedings to delist its common stock and is being traded on the over-the-counter market under the symbol “BURU” in the meantime.The common stock should begin trading on a split-adjusted basis at the commencement of trading on the tr
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BURU
News
- NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored ProgrammingBusiness Wire
- NUBURU Announces Revised Date for Strategic 1-for-40 Reverse Stock SplitBusiness Wire
- NUBURU to Appeal NYSE Commencement of Proceedings to Delist [Yahoo! Finance]Yahoo! Finance
- NUBURU to Appeal NYSE Commencement of Proceedings to DelistBusiness Wire
- NUBURU, Inc. CEO Brian Knaley Outlines Strategic Vision and Growth Milestones in Shareholder Letter [Yahoo! Finance]Yahoo! Finance