NUBURU, Inc. (“NUBURU” or the “Company”) (NYSE American: BURU),
a leading innovator in high-power and high-brightness industrial
blue laser technology, today announced a $3 million dollar
investment in the Company’s common stock by strategic investors
focused on strengthening and growing the Company, as well as
initial purchase orders from new customers in new markets.
Brian Knaley, the Company’s CEO, noted that, “The customer
qualification process for our products can be lengthy and complex,
but we are finally seeing the fruits of our efforts. We have orders
to fill in critical new markets and with new customers and we
believe this investment will accelerate our fulfillment process and
path towards consistent revenue generation. We are excited about
growth opportunities that we can pursue with help from investors
who see the Company’s potential.”
Investment by Strategic Partner
The investment marks a significant step forward in NUBURU's
evolution towards a more diversified and innovative future.
Alessandro Zamboni, an experienced leader in the fintech industry,
has led the charge on this strategic investment, as he seeks to
bring his knowledge and past successes to NUBURU. With extensive
experience as the Chairman of the AvantGarde Group S.p.A.,
including successful ventures in risk management and working
capital solutions, Alessandro brings valuable expertise to help
drive NUBURU to the next level.
Key Initial Orders
Among the new orders, the Company has been awarded an initial
purchase order to supply BL-300s to a best-in-class manufacturer of
battery systems in the sustainable energy market, with
manufacturing capabilities primarily in Asia. NUBURU’s
transformational blue laser technology will be used in the
production of fully automated, high-quality welding of components
within the EV battery modules which will be used primarily in the
automotive and e-mobility markets.
Next Steps
In connection with the strategic investment, the Company intends
to call a special meeting of stockholders to, among other things,
approve the issuance of additional common stock for the purpose of
acquiring controlling and non-controlling interests in one or more
entities. These changes would allow for the acquisition of
additional assets and the strategic diversification of the
Company’s business. Additional details will be provided in the
notice of such special meeting and the related proxy statement. The
Company will also continue to explore capital-raising opportunities
as permitted by the authorization obtained at its most recent
special meeting of stockholders on February 22, 2024.
About NUBURU
Founded in 2015, NUBURU, Inc. (NYSEAM: BURU) is a developer and
manufacturer of industrial blue lasers that leverage fundamental
physics and their high-brightness, high-power design to produce
faster, higher quality welds and parts than current lasers can
provide in laser welding and additive manufacturing of copper,
gold, aluminum and other industrially important metals. NUBURU’s
industrial blue lasers produce minimal to defect-free welds that
are up to eight times faster than the traditional approaches — all
with the flexibility inherent to laser processing. For more
information, please visit www.nuburu.net; provided however, that
the Company does not incorporate by reference the information at
this website.
Important Information and Where to Find It
This press release does not constitute a solicitation of any
vote, consent, or approval from stockholders. In connection with
the stockholder approvals described above, the Company intends to
file relevant materials with the SEC, which will include a proxy
statement. The proxy statement will be sent to all stockholders
entitled to vote on the proposals. Before making any voting or
investment decision, stockholders are urged to read the proxy
statement and all other relevant documents filed or that will be
filed with the SEC as they become available, because they will
contain important information about the proposals. Stockholders
will be able to obtain free copies of the proxy statement and all
other relevant documents filed or that will be filed with the SEC
by the Company through the website maintained by the SEC at
www.sec.gov or by directing a request to NUBURU, INC. at 7442 S.
Tucson Way, Suite 130, Centennial, CO 80112.
Participants in the Solicitation
NUBURU and its directors and executive officers may be deemed to
be participants in the solicitation of proxies from stockholders in
connection with the proposals. A list of the names of such
directors and executive officers, information regarding their
interests in the proposals and their ownership of the Company’s
securities are, or will be, contained in the Company’s filings with
the SEC, including the proxy statement.
Forward-Looking Statements
This press release contains certain “forward-looking statements”
within the meaning of the United States Private Securities
Litigation Reform Act of 1995, Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended, including relating to its continued listing on
the NYSE American. All statements other than statements of
historical fact contained in this press release may be
forward-looking statements. Some of these forward-looking
statements can be identified by the use of forward-looking words,
including “may,” “should,” “expect,” “intend,” “will,” “estimate,”
“anticipate,” “believe,” “predict,” “plan,” “seek,” “targets,”
“projects,” “could,” “would,” “continue,” “forecast” or the
negatives of these terms or variations of them or similar
expressions. Forward-looking statements in this press release
include, among other things: anticipated benefits associated with
laser-based additive manufacturing. All forward-looking statements
are subject to risks, uncertainties, and other factors which could
cause actual results to differ materially from those expressed or
implied by such forward-looking statements. All forward-looking
statements are based upon estimates, forecasts and assumptions
that, while considered reasonable by NUBURU and its management, are
inherently uncertain and many factors may cause the company’s
actual results to differ materially from current expectations which
include, but are not limited to: (1) the ability to continue to
meet the security exchange’s listing standards; (2) failure to
achieve expectations regarding its product development and
pipeline; (3) the inability to access sufficient capital to operate
as anticipated, whether from Lincoln Park Capital Fund, LLC or
other sources; (4) the inability to recognize the anticipated
benefits of the business combination, which may be affected by,
among other things, competition, the ability of the company to grow
and manage growth profitably, maintain relationships with customers
and suppliers and retain its management and key employees; (5)
changes in applicable laws or regulations; (6) the possibility that
NUBURU may be adversely affected by other economic, business and/or
competitive factors; (7) volatility in the financial system and
markets caused by geopolitical and economic factors; (8) failing to
realize benefits from the partnership with GE Additive; and (9)
other risks and uncertainties set forth in the sections entitled
“Risk Factors” and “Cautionary Note Regarding Forward-Looking
Statements” in NUBURU’s most recent periodic report on Form 10-K or
Form 10-Q and other documents filed with the Securities and
Exchange Commission from time to time. These filings identify and
address other important risks and uncertainties that could cause
actual events and results to differ materially from those contained
in the forward-looking statements. Nothing in this press release
should be regarded as a representation by any person that the
forward-looking statements set forth herein will be achieved or
that any of the contemplated results of such forward-looking
statements will be achieved. You should not place undue reliance on
forward-looking statements, which speak only as of the date they
are made. NUBURU does not give any assurance that it will achieve
its expected results. NUBURU assumes no obligation to update or
revise these forward-looking statements, whether as a result of new
information, future events or otherwise, except as otherwise
required by applicable law.
Source: NUBURU, Inc.
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version on businesswire.com: https://www.businesswire.com/news/home/20240404682484/en/
Investor Relations: Cody Slach & Ralf Esper Gateway
Group, Inc. BURU@gateway-grp.com (949) 574-3860
Grafico Azioni Nuburu (AMEX:BURU)
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