NUBURU, Inc. CEO Brian Knaley Outlines Strategic Vision and Growth Milestones in Shareholder Letter [Yahoo! Finance]
NUBURU INC (BURU)
Company Research
Source: Yahoo! Finance
and high-brightness industrial blue laser technology, today announced a shareholder letter from its CEO, Brian Knaley. Dear NUBURU Shareholders, Partners, and Family: For the last several months, NUBURU has been realigning and refocusing our business and operations and we are beginning to see the positive results of these intense efforts. We are seeing increased orders (which typically require a sales and qualification process that can take 12 months or longer), we have received prestigious recognitions, we have realigned our workforce, we have reduced our outstanding debt by 25%, and we continue to pursue a variety of transactions to further reduce our debt, and we have established new, ongoing funding relationships that are critical to an emerging growth company like Nuburu. Maintaining NYSE Listing As part of our overall recalibration, consistent with the authorization previously provided by shareholders, we will be implementing a 1-for-40 reverse stock split of our outstan
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