$BURU -NUBURU stockholders recently approved key p
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Posted On: 07/24/2025 8:10:08 AM
$BURU -NUBURU stockholders recently approved key proposals to finance the company's transformation into a leader in defense-tech and operational resilience. This approval is considered a crucial step in the company's "Defense & Security Hub" initiative.
The stockholder vote approved several key measures, including:
Electing Alessandro Zamboni as a Class III director.
Increasing authorized share capital to support growth and equity financing.
Ratifying financing agreements to improve working capital, reduce liabilities, and strengthen the company's financial standing.
A central part of NUBURU's strategy is its investment in Tekne S.p.A., a provider of defense products. This investment requires "Golden Power" authorization from Italian authorities, expected by August 5, 2025. Management emphasized that the vote provides necessary financial flexibility for their business plans.
While a potential reverse stock split was authorized, management's priority is to minimize stockholder dilution, viewing a reverse split as non-essential unless necessary for long-term growth and market position.
This approval is a significant step in NUBURU's strategic transformation plan.
https://www.marketwatch.com/press-release/nub...ws_seemore
The stockholder vote approved several key measures, including:
Electing Alessandro Zamboni as a Class III director.
Increasing authorized share capital to support growth and equity financing.
Ratifying financing agreements to improve working capital, reduce liabilities, and strengthen the company's financial standing.
A central part of NUBURU's strategy is its investment in Tekne S.p.A., a provider of defense products. This investment requires "Golden Power" authorization from Italian authorities, expected by August 5, 2025. Management emphasized that the vote provides necessary financial flexibility for their business plans.
While a potential reverse stock split was authorized, management's priority is to minimize stockholder dilution, viewing a reverse split as non-essential unless necessary for long-term growth and market position.
This approval is a significant step in NUBURU's strategic transformation plan.
https://www.marketwatch.com/press-release/nub...ws_seemore
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