Nuburu Inc (BURUD)

[ToucanYoucan]

$BURUD - lol....Now there's a post I can totally relate to.

[CanItBThisEZ2Make]

Yep, I know if I buy some it will go down and if I don't it goes up.

[ToucanYoucan]

$BURUD - I agree. It seems like a very unique opportunity the way it has all worked out with falling off the NYSE and reverse split. So few shares are out there right now. At $1.15 per share - we're still trading at about $.029/share before the reverse split.

It seems to me there is plenty of room for the pps to take off.

[136]

$BURU $BURUD . Can see crazy heights with $250,000-$1,000,00 in dollar volume.

Total SS right now is under 1,000,000 shares. Insiders own half of that....

So 500,000ish free float is tradable.

Only takes one good deal and it moons

[ToucanYoucan]

$BURUD - Trading very nicely since the split!

[Triforce]

NUBURU Announces Strategic Marketing Partnership with NexGenAI Solutions Group

07/25/2024

https://ir.nuburu.net/news/news-details/2024/NUBURU-Announces-Strategic-Marketing-Partnership-with-NexGenAI-Solutions-Group/default.aspx

[KeepItRealistic]

They need to find a way to get back to NYSE American

There is no future for them in the OTC

[ToucanYoucan]

$BURU - Thanks for the posts. Obviously, there is a lot going on here. And most of it seems to hinge on getting back on the NYSE and adhering to their rules (e.g. maintaining a certain price per share and guidelines on how many new shares can be issued).

It's going to be an interesting few months here I believe. I have no clue how the share price is going to react after the reverse split. I'm just going to sit back and see what happens here.

I wouldn't think they would issue new common shares until they are back on the NYSE and can attract some bigger or institutional investors.

[KeepItRealistic]

Regarding debt

25 million shares to settle $1,100,000
= .044 post RS = $1.76
17 million shares to settle $767,000
= .045 post RS = $1.80
12 million shares to settle $530,000
= .044 post RS = $1.80
11 million shares to settle $635,000
= .0577 post RS = $2.30
———————————————————
65 million shares of dilution
(1.625m post RS)


Item 1.01 Entry into a Material Definitive Agreement.

As previously disclosed, in June 2023, the Company issued certain convertible promissory notes to various noteholders, some of which were subsequently acquired from such noteholders by third-party purchasers in transactions that did not include the Company as a party. The Company has agreed with purchasers of such notes (the “Investors”) to the conversion and settlement of certain notes held by such Investors, which will result in the issuance of shares of common stock, par value $0.0001 per share (the “Common Stock”) of the Company. While the initial conversion transaction may ultimately result in the issuance of up to approximately 11 million shares of Common Stock to settle $635,000 in principal of notes (and subsequent transactions may result in the issuance of up to approximately 12 million shares (to settle $530,000 in principal of notes), 17 million shares (to settle $767,000 in principal of notes), and 25 million shares (to settle $1,100,000 in principal of notes, respectively), the Company agreed not to issue shares with respect to any such transaction if that would result in the noteholder receiving more than 4.99% of the outstanding Common Stock at any given time. Further, the Company will not issue Common Stock with respect to any such transaction in excess of 19.99% of the outstanding Common Stock as of the effective date of such transaction, unless the Company has obtained stockholder approval to issue shares in excess of such amount. The Company has engaged in and anticipates engaging in similar transactions with respect to other outstanding debt and obligations as part of its effort to reduce debt, improve its capital structure, and expand its stockholder base. The Company previously obtained stockholder approval for issuances that would exceed 20% or more of the outstanding Common Stock; however, based on NYSE rules, that blanket authorization lapsed 90 days after the February 22, 2024 stockholder meeting. The Company intends to promptly seek stockholder approval for issuances of Common Stock that would exceed 20% or more of the outstanding Common Stock for an additional 90-day period to continue to support its financing and recapitalization goals.

[KeepItRealistic]

From ChatGPT

Getting relisted on the NYSE American (formerly known as the AMEX) involves meeting several stringent requirements. While the specific requirements can vary depending on the circumstances of the delisting and the current market conditions, generally, the following criteria must be met for a company to be considered for relisting:

1. **Financial Criteria**:
- **Minimum Shareholders’ Equity**: Companies usually need to demonstrate a minimum shareholders' equity, often around $4 million to $6 million, depending on the nature of their operations and other factors.
- **Market Capitalization**: There may be requirements for minimum market capitalization, often in the range of $50 million.
- **Revenue and Earnings**: Demonstrating consistent revenue and earnings can be crucial. Specific thresholds can vary.

2. **Corporate Governance**:
- **Board and Committee Composition**: Companies must comply with governance standards, including having a majority of independent directors on the board and fully independent audit and compensation committees.
- **Internal Controls**: Adequate internal control over financial reporting must be demonstrated.

3. **Regulatory Filings**:
- **Current Financial Statements**: The company must have up-to-date financial statements filed with the SEC.
- **Compliance with SEC Regulations**: Full compliance with all SEC reporting requirements is necessary.

4. **Market Requirements**:
- **Share Price**: The company’s share price must typically be above a minimum threshold, often around $2 to $3 per share.
- **Public Float**: A sufficient number of shares must be held by public shareholders, ensuring adequate liquidity.

5. **Operational Stability**:
- **Business Operations**: The company must demonstrate ongoing, viable business operations.
- **Historical Performance**: Evidence of financial stability and performance history can be required.

6. **Additional Documentation**:
- **Relisting Application**: Submission of a detailed relisting application, which may include business plans, financial projections, and other supporting documents.
- **Regulatory Review**: The application and supporting documents will undergo rigorous review by the exchange and possibly other regulatory bodies.

It is advisable for companies seeking relisting to work closely with financial advisors and legal counsel to ensure they meet all applicable requirements and to navigate the process efficiently.

[ToucanYoucan]

$BURU - This was in the June 13, 2024 Shareholder update - (I think the 2nd part about Capital Structure is referring to additional shares after the split - I could be wrong. As far as I know they are not back on the NYSE after the split):

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 outstanding stock effective June 24, 2024 and expect that our stock would begin trading on June 25, 2024 on a split-adjusted basis under a new CUSIP number, 67021W301.

We believe this will benefit shareholders by reducing the number of outstanding shares and increasing the share price, making the stock more appealing to institutional investors and analysts who tend to avoid stocks with low prices. Additionally, it will help the Company continue to satisfy the minimum price requirements for listing on the NYSE and make it easier for institutional investors to compare NUBURU's stock price with its peers. The reverse stock split does not affect the Company's fundamental value or the proportional ownership of shareholders. Your stake in the Company remains unchanged.

Capital Structure

In addition to our capital-raising efforts, we have entered into agreements, and are pursuing additional agreements, to extinguish some of our outstanding debt, including the conversion and settlement of outstanding convertible promissory notes in exchange for shares of common stock. Currently, we are limited by NYSE rules that prohibit an issuance of common stock in a transaction if it would result in the issuance of shares equal to 20% or more of our outstanding shares. We intend to settle additional amounts of debt once we have obtained shareholder approval to issue shares in excess of 20% of our outstanding common stock for such purpose. Additional information regarding our settlement of debt is available in a Current Report on Form 8-K filed with the SEC on June 13, 2024.

[ToucanYoucan]

$BURU - I'm not sure after reading it a second time. It says that the Authorized shares remain the same and the shareholders have the same relative percentage ownership after the split.
There will be no change to the number of authorized capital stock of the Company. The Reverse Split will have no effect on the par value of the Common Stock or the Preferred Stock. Immediately after the Reverse Split, each stockholder’s percentage ownership interest in the Company and proportional voting power will remain unchanged, except for minor changes and adjustments that will result from the treatment of fractional shares. The rights and privileges of the holders of shares of Common Stock will be unaffected by the Reverse Split.

But the one of the two prospectus states that UP TO 15.6 million shares would be sold. The other prospectus is for insiders it looks like.
We'll see.

I don't understand when this kicks in:
The Prospectus relates to the offer and resale of up to 15,600,000 shares of the Company’s common stock, par value $0.0001 per share (“Common Stock”), by Lincoln Park Capital Fund, LLC.

[KeepItRealistic]

15m shares after 40 to 1 RS ?

[ToucanYoucan]

$BURU - I'm hoping the 15,600,000 shares get gobbled up by Institutional Investors.

[KeepItRealistic]

Do you know why IHUB has not shown the trading here since it delisted to OTC ?

[Renee]

BURU: one for 40 reverse split:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

[ToucanYoucan]

$BURU - Sweet! We have our new record date for the reverse split.....Tomorrow!!!!

[Disquisition]

ASTRONOMICAL DUMPING

[pinkslipjunkie]

But until then they will throw out offerings.

You can read the Company's updates regarding the reverse stock split in the last few weeks on this board below.

[ToucanYoucan]

$BURU - From reading your post, I can see you are not up to speed on what is happening here. BURU has been trading on the NYSE. The Company's stock price fell below $.20 per share and trading was halted by the NYSE. The Company is currently trading on OTC pending its appeal to once again trade on the NYSE. Through the reverse stock split, the Company is attempting to get back on the NYSE.

You can read the Company's updates regarding the reverse stock split in the last few weeks on this board below.

Here you go - this explains it better than I can:
https://ih.advfn.com/stock-market/AMEX/nuburu-BURU/stock-news/94090805/nuburu-announces-strategic-1-for-40-reverse-stock

[ToucanYoucan]

$BURU - The Company disclosed this information to the SEC via a Form 8-K.
Good enough for me.....The Company was on the NYSE and is a current filer.

Here's today's filing:
https://www.otcmarkets.com/filing/html?id=17673899&guid=v4O-kazcD_20B3h

[Zorax]

💥BOOM💥
Really? And people are going to believe the company? Anyone bother to check with FINRA itself?
Finra never have had a 'backlog' and it's not in the news unless someone wants to find a link from somewhere other than the nuburu...

This is almost as good as scams saying FINRA is helping them process their filings.

Oh, for them to list to a real exchange, they need 3 years of income and higher constant stock prices.
Do they have that covered?

GL.

[pinkslipjunkie]

Hmmmm...never seen this happen before.

Nuburu, Inc. (the “Company”) previously announced that it was implementing a reverse stock split of its common stock at a ratio of 1-for-40 (the “Reverse Split”), which was to become effective on July 10, 2024. Notwithstanding that the Company provided FINRA with more than 10 days prior notice of the record date for the Reverse Split as required under applicable rules, FINRA has indicated that, due to a backlog of its processing of corporate actions with respect to issuers quoted on the over-the-counter market administered by FINRA, it is not able to process the Reverse Split as of July 10, 2024. As a result, the Company must delay the implementation of the Reverse Split until FINRA is able to process this action. The Company will promptly notify the market upon establishing a new record date for the Reverse Split.

[KeepItRealistic]

Not yet

[BIOCHEMUP]

Where? Not showing.

[KeepItRealistic]

$BURU interview tomorrow will be on YouTube ⬇️ ❤️

https://youtube.com/newtothestreettv

[KeepItRealistic]

$BURU obviously wants this post RS to go ⬆️

They want to attract big money


https://ir.nuburu.net/news/news-details/2024/NUBURU-Announces-Upcoming-TV-Interview-Featuring-CEO-Brian-Knaley-on-Fox-Business-Bloomberg-TV-and-Newsmax-TV-as-Sponsored-Programming/default.aspx

[BIOCHEMUP]

Im in, this is going to moon.

[TommyBoyTrader9460]

$BURU

$BURU 1 million volume already.. almost 4 times daily 10 day average..something brewing… https://t.co/OqHObXRUKC

— Chris from Massachusetts AKA TommyboyTrader (@autumnsdad1) July 1, 2024

[TommyBoyTrader9460]

$BURU

$BURU Bottom bounce underway here..and check out that gap to fill..on watch .. pic.twitter.com/4P2mweIB1z

— Chris from Massachusetts AKA TommyboyTrader (@autumnsdad1) June 29, 2024

[KeepItRealistic]

$BURU news incoming

Keep an eye on NUBURU® Inc. later today for another big Corporate announcement on the way! As we aim to enhance shareholder value & re-list on the @NYSE American. $BURU #bluelaser #3Dprinting #electronics #welding #additivemanufacturing #materialprocessing #EVbatteries pic.twitter.com/UxBPQowdw3

— NUBURU Blue Lasers (@nuburulasers) June 28, 2024

[KeepItRealistic]

This article has a few errors

Compliance in NYSE American is .20 not $1

The article says 100m by 40 is 10m instead of 2.5m

The conclusion of the article however is spot on

“Nuburu Inc.'s recent announcement of a 1-for-40 reverse stock split is a strategic move aimed at ensuring market compliance, attracting institutional investors, and enhancing the perceived value of its shares. While the reverse split will not change the overall value of investors' holdings, it is a critical step in the company's broader strategy to solidify its market position and foster long-term growth. As Nuburu continues to innovate in the blue laser technology space, this corporate action underscores its commitment to maintaining a robust and investor-friendly market presence.

Investors should keep an eye on BURU as the reverse stock split takes effect and assess how this move aligns with their investment goals and strategies.”

[KeepItRealistic]

$BURU limited deep discount shares

$BURU going back to NYSE with a micro float

Micro Floats are a favourite on the small caps !

Those who are able to buy in the OTC are taking advantage of the low Market Cap of $1m with company owning $100m in patents in a game changing technology pic.twitter.com/UlHZ6GxQTB

— KIR (@KeepRealistic) June 28, 2024

[SpaceManTrades]

Article about the RS https://allcapresearch.com/f/understanding-nuburu-inc-buru-and-their-recent-reverse-stock-s

[KeepItRealistic]

You need new lines
You sound like a broken record 😝

[Disquisition]

HIDEOUS DUMPING

[KeepItRealistic]

$BURU no brainer

$BURU now trading on the OTC.
•1:40 R/S 07/01
•Company appealing for relist on NYSE
•The current market cap=$1.19M
•o/s=38.5M • Float approx. 18M
•$100m patent portfolio
•Contracts with NASA and USAF

multi-bagger opportunity💰💰💰 pic.twitter.com/Ni0r899ZXy

— SheepWolf 💫 (@realsheepwolf) June 26, 2024

[Disquisition]

Not wrong. I said Monday. July 1st is a Monday, is it not?

[ToucanYoucan]

$BURU - Wrong.

[KeepItRealistic]

$BURU Market Cap is 83.68 times lower than companies Patent Portfolio value of $100m

RS does not change the Market Cap and turns this into a micro float

Savvy investors see the opportunity

https://ir.nuburu.net/news/news-details/2024/NUBURU-Announces-Strategic-1-for-40-Reverse-Stock-Split-to-Enhance-Shareholder-Value-and-Return-to-Trading-on-NYSE-American/default.aspx

[SHEEPWOLF]

$BURU CRAZY LIKE A FOX OR JUST CRAZY?🤨🤔

$BURU CRAZY LIKE A FOX OR JUST CRAZY?🤨🤔
Did the delisting catch both @nuburulasers and its financial advisor Northland Capital Markets by surprise, they've been working on strategic alternatives since at least Feb. 2024?https://t.co/Y73AeqOrUo
I now expect:
•R/S 06/25
•S-1… pic.twitter.com/BDuiIf7uay

— SheepWolf 💫 (@realsheepwolf) June 23, 2024

[Disquisition]

Monday, in fact.

[Arnold25764]

Doing an r/s here anytime soon?

[Doubledown75]

Boing

[KeepItRealistic]

Nonsense

[Disquisition]

IRREVERSIBLE DUMPING

[KeepItRealistic]

$BURU US Department of Defence

https://ir.nuburu.net/news/news-details/2023/NUBURU-Selected-by-U.S.-Department-of-Defense-for-Position-on-Contract-for-High-Energy-Laser-Systems/default.aspx

[KeepItRealistic]

$BURU their patents are all listed on their website ⬇️

https://www.nuburu.net/patents/

This IP is valuable to a bigger company and makes this company a solid acquisition target.

Very rare to see this much IP on a small cap’s company.

[KeepItRealistic]

$BURU at .77 the Market Cap would be 29,678,127 which would be less than 30% of the companies patent portfolio value.

I am being CONSERVATIVE …

This ticker can go to many multiples of my 🎯 and be acquired at such …

[KeepItRealistic]

$NUBU cutting edge technology used by prestigious clients and growth at extreme Market Discounts

“NUBURU is poised for growth with our cutting-edge blue laser technology, the validation of which is evident in our current corporate contracts with end-users and distributors and government contracts with entities like NASA and the U.S. Air Force.”