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Nuburu ( (BURU) ) has provided an update.
On January 13, 2025, Nuburu, Inc. reached an agreement with S.F.E. Equity Investments SARL to address outstanding promissory notes in default since December 16, 2024, and to finance operations for the next year based on a new Transformation Plan. This plan aims to create a stable foundation for future business activities, including governance changes. On the same date, Nuburu accepted the resignation of Ron Nicol from the Board of Directors and appointed Alessandro Zamboni as Executive Chairperson, with Matteo Ricchebuono reinstated as a director. Zamboni will lead the company in implementing the Transformation Plan or manage alternative outcomes like sale or dissolution if the plan isn’t realized. Compensation strategies for board members have also shifted to stock-based payments for the fiscal year 2024.
More about Nuburu
YTD Price Performance: -45.50%
Average Trading Volume: 7,915,258
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $8.85M
For detailed information about BURU stock, go to TipRanks’ Stock Analysis page.