NUBURU Inc (NYSE American: BURU) resumed trading on the exchange on Monday, September 14, 2026, following a 1-for-40 reverse stock split. The reinstatement concludes delisting proceedings initiated in July 2026 due to low share price.

The corporate action became effective at 4:30 pm Eastern Time on September 1, 2026. Trading had commenced on the OTC Pink Market under symbol BURUD on September 2, 2026. The "D" suffix was removed upon NYSE American resumption, reverting trading to BURU. The CUSIP number remains 67021W509.

Mechanics of the Reverse Split

Every 40 issued and outstanding shares were combined into one. The company expects outstanding shares to reduce from approximately 370,493,812 to approximately 9,262,345. No fractional shares were issued. The par value remains at $0.0001.

Financial Position and Balance Sheet

In July, a $38.0 million public offering funded the full repayment of approximately $15.5 million in December 2025 YA debentures and $1.25 million in Lyocon acquisition notes. This eliminated approximately $16.75 million of principal obligations. Preferred stock and warrants issued in the offering remain sources of potential dilution.

As of June 30, 2026, assets stood at $68.36 million, compared with $49.82 million at December 31, 2025. Stockholders’ equity was positive $9.37 million, against a $15.18 million year-end deficit. This marked the second consecutive quarter of positive equity, exceeding the $4.0 million threshold cited in NYSE American’s May notice.

Strategic Developments: Tekne and SunCubes

NUBURU is targeting the first half of October for the closing of its proposed 70% acquisition of Tekne S.p.A., subject to completing remaining steps following Golden Power authorization on August 5. Tekne, founded in 1990 with approximately 185 personnel, reported approximately $148.0 million (€129.0 million) in active remaining order value as of September 1. After excluding approximately $12.6 million (€11.0 million) identified as presenting elevated cancellation risk, net remaining order value was approximately $135.4 million (€118.0 million).

Additionally, NUBURU is targeting Q4 2026 to sign definitive investment and industrial-cooperation agreements with SunCubes S.r.l. The company aims to complete an initial €250,000 advance under a planned investment of up to €1.0 million, subject to final documentation. Joint R&D will combine Lyocon’s laser technology with SunCubes’ beam-control and wireless-power solutions.

What the Numbers Show

The shift from a $15.18 million equity deficit at year-end 2025 to a $9.37 million surplus by June 2026 highlights the immediate impact of the July capital raise. The repayment of $16.75 million in principal obligations significantly reduced leverage, while the asset base grew by nearly $18.5 million year-over-year, strengthening the balance sheet ahead of the planned Tekne consolidation.

Nuburu, Inc. repaid approximately $16.75 million in principal obligations within days of closing its $38.0 million public offering, eliminating all monthly amortization requirements and simplifying its capital structure. The company used the proceeds to fully retire the approximately $15.5 million remaining principal of its December 2025 debenture and the entire $1.25 million aggregate principal of subordinated convertible notes issued for the Lyocon S.r.l. acquisition. No principal remains outstanding under either instrument, removing the requirement to apply equity-line proceeds to debt service and freeing capital for growth.

The debt repayment marks the first major use-of-proceeds milestone following the offering, which consisted of 244,372,984 shares of common stock and/or pre-funded warrants at a combined public offering price of $0.1555 per share. Nuburu intends to deploy the remaining net proceeds to satisfy the financial-assurance requirements associated with the Italian Government Golden Power review. This funding is necessary to advance the proposed acquisition of a 70% controlling interest in Tekne S.p.A., subject to Golden Power clearance and other closing conditions, and to support the execution of its integrated Defense & Security platform.

"Completing these repayments within days of our financing demonstrates disciplined execution against the commitments we made to investors," said Alessandro Zamboni, Executive Chairman and Co-CEO of Nuburu. "We have repaid approximately $16.75 million of principal obligations, eliminated the debenture’s recurring amortization burden and decisively simplified our capital structure."

Dario Barisoni, Co-CEO of Nuburu and CEO of Nuburu Defense LLC, said the company will continue progressing the Golden Power process and accelerating the integration of software, photonics, electronic warfare and CEMA, defense mobility and advanced manufacturing capabilities.

Planned Use of Proceeds

Nuburu’s common stock continues to be publicly quoted on the OTC Pink market under the symbol BURU, providing uninterrupted secondary-market access while trading on NYSE American remains suspended. The company intends to submit a timely request for review of the NYSE Regulation staff determination to address the low-price deficiency and regain compliance. Nuburu is a next-generation dual-use Defense & Security integrated platform company delivering software-orchestrated, hardware-enabled capabilities for defense and security, critical-infrastructure, and digital-resilience markets.