Nuburu revises implementation of 1-for-40 reverse stock split to July 23

Nuburu announced a revised date for the implementation of a 1-for-40 reverse stock split . The new record date for the Reverse Split is July 23. “This Reverse Split is part of 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 23, 2024 after the close of market. The Common Stock should begin trading on a split-adjusted basis at the commencement of trading on July 24 , 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 provide assurance that its trading price will increase as anticipated, or if such increase does occur, that it will be sustained, or that such increase will result in the Company resuming trading on NYSE American.