NUBURU, Inc. (AMEX:BURU) shares fell in Thursday’s premarket session after the company priced a best-efforts public offering expected to raise approximately $38 million in gross proceeds.
The stock’s decline came against a slightly negative broader market backdrop, with S&P 500 futures down 0.1%.
Offering To Support Tekne Deal
NUBURU is offering 244,372,984 shares of common stock and/or pre-funded warrants, together with accompanying Series B Preferred Stock.
The combined offering price is $0.1555 per common share and accompanying preferred stock, or $0.1554 per pre-funded warrant and accompanying preferred stock. Each pre-funded warrant carries a $0.0001 exercise price.
The pricing represents an approximately 30% premium to NUBURU’s July 15 closing price of $0.1199.
The company expects the offering to close on or about July 16, 2026, subject to customary conditions. Joseph Gunnar & Co. is serving as the exclusive placement agent.
Proceeds Target Acquisition And Debt
NUBURU plans to use the proceeds to satisfy financial-assurance requirements tied to the Italian government’s Golden Power review of its proposed acquisition of a 70% controlling interest in Tekne S.p.A.
The company plans to redeem approximately $15.5 million of remaining principal under its December 2025 debenture. It also intends to repay $1.25 million of convertible notes issued in connection with the Lyocon acquisition.
Financing Could Ease Share-Issuance Pressure
The transaction is also expected to eliminate recurring monthly amortization and equity-line share issuances tied to the outstanding debenture.
NUBURU plans to suspend use of its equity line for at least 90 days, subject to the terms and exceptions in the definitive offering agreements.
The remaining proceeds will support acquisitions, working capital and near-term execution needs for the company’s integrated Defense & Security platform.
BURU Price Action: Nuburu shares were down 5.34% at $0.11 during premarket trading on Thursday. The stock is trading near its 52-week low of $0.11, according to Benzinga Pro data.
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