$BURU Business Performance Highlights: Public o
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Posted On: 10/02/2025 10:40:59 AM
$BURU Business Performance Highlights:
Public offering successfully completed, raising gross $12M USD, which will enhance the Company's balance sheet and equity position, in line with the recapitalization plan accepted by NYSE.
As of today, the cash position is approximately $6M USD, aimed at deploying the acquisitions program and other strategic partnerships in the defense technology, security, and blue-laser technology fields under its Transformation Plan.
The Company does not anticipate issuing additional shares in connection with its Settlement Agreement with Silverback Capital Corporation announced on July 31, referred to as the Company's “3(a)(10) Program”.
Public offering successfully completed, raising gross $12M USD, which will enhance the Company's balance sheet and equity position, in line with the recapitalization plan accepted by NYSE.
As of today, the cash position is approximately $6M USD, aimed at deploying the acquisitions program and other strategic partnerships in the defense technology, security, and blue-laser technology fields under its Transformation Plan.
The Company does not anticipate issuing additional shares in connection with its Settlement Agreement with Silverback Capital Corporation announced on July 31, referred to as the Company's “3(a)(10) Program”.
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1️⃣I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
2️⃣All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
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