NUBURU Announces 1-for-40 Reverse Stock Split
NUBURU has announced a 1-for-40 reverse stock split, which is set to take effect on September 1, 2026. The company received prior shareholder approval for the move and anticipates adjusted trading under the new structure beginning on September 2. This action follows NUBURU's recent $38 million public offering priced at a 30% premium, aimed at funding its acquisition of Tekne. The reverse stock split is likely intended to increase per-share value and improve marketability for investors.
Tickers: $BURU
Topics: capital_structure stock_splits