$BURUD NUBURU Issues Shareholder Letter on Strategic

New Post Public Reply Private Reply Replies (0) Message Board
trooperstocks
152
$BURUD NUBURU Issues Shareholder Letter on Strategic Progress and NYSE American Appeal

Executive Chairman and Co-Chief Executive Officer Alessandro Zamboni discusses split-adjusted OTC trading, Tekne closing progress and execution of NUBURU’s dual-use Defense & Security platform

DENVER--(BUSINESS WIRE)--NUBURU, Inc. (OTC Pink: BURUD) ("NUBURU" or the "Company" , a next-generation dual-use Defense & Security integrated platform company, today issued the following letter to shareholders from Alessandro Zamboni, Executive Chairman and Co-Chief Executive Officer.

Dear Fellow Shareholders,

NUBURU common stock is expected to begin trading today on a split-adjusted basis on the OTC Pink Market under the temporary symbol “BURUD,” following the 1-for-40 reverse stock split that became effective at 4:30 p.m. Eastern Time on September 1, 2026. The “D” suffix is expected to remain for 20 business days, after which the common stock is expected to resume trading on the OTC Pink Market under its base symbol, “BURU.” The reverse split is a mechanical change: it reduces the number of shares outstanding and proportionately adjusts the per-share reference price, while the market determines the trading price thereafter. Subject to the fractional-share treatment previously disclosed, it does not by itself change a shareholder’s proportional ownership or create economic value.

The reverse split was undertaken to address price-related considerations in the pending NYSE American appeal; it does not ensure compliance or resumption of trading. We believe shareholder value must come from execution: completing the proposed Tekne transaction, integrating complementary capabilities into one platform, converting opportunities into contracts and cash, and strengthening NUBURU’s capital structure.

NYSE American Process

NUBURU’s common stock remains listed on NYSE American under the symbol “BURU” pending completion of the appeal process, although trading on NYSE American remains suspended. The Company is in active dialogue with NYSE Regulation regarding the path to a potential resumption of trading. Any resumption remains subject to NYSE Regulation’s determination and completion of applicable corporate-action notice procedures. No decision has been made, NYSE Regulation has not provided the Company with a specific sustained post-split trading-price threshold or duration for a potential resumption of trading, and there can be no assurance whether or when trading on NYSE American will resume. We will report material developments as they occur.

Tekne: Closing Progress and Industrial Scale

As detailed in our September 1, 2026 release, NUBURU and the other parties are advancing the remaining steps toward the Company’s proposed acquisition of a 70% controlling interest in Tekne S.p.A. following the Italian Government’s Golden Power authorization on August 5, 2026. Based on current progress, NUBURU expects closing during the first half of October 2026, subject to completion of the remaining closing actions.

That release also reported Tekne management’s preliminary, unaudited review of its customer order portfolio, which indicated approximately $135.4 million in adjusted active remaining order value. That figure is management-derived, represents 100% of Tekne, remains subject to NUBURU’s customary closing verification, is not a measure defined under U.S. GAAP and does not represent recognized revenue, guaranteed future revenue, cash collections or financial guidance. It nonetheless provides a measurable operating benchmark against which shareholders can assess conversion into revenue and cash.

Building One Scalable Platform

Upon closing, Tekne is expected to add industrial depth in special vehicles, defense mobility, electronic systems, EW/CEMA and mission-package integration. NUBURU Defense Italy S.r.l. (“NDI”) is intended to coordinate the Group’s Italian activities and serve as an integration and governance hub, and NUBURU has initiated recruitment for a Chief Platform Officer to lead the common technical roadmap, architecture and cross-company productization. Within NDI, the planned Platform Integration and Software Factory, or “Platform Factory,” would be an integration and productization function rather than a separate manufacturing facility.

Our objective is a repeatable, multi-year model combining software licenses and subscriptions; hardware support, maintenance and upgrades; and integration, engineering and lifecycle services. These are strategic objectives, not contracted revenue or financial guidance.

Persistent Readiness and Strategic Alignment

Security requirements increasingly extend across peacetime, crisis and conflict, requiring persistent situational awareness, resilient communications, operational continuity and rapid adaptation. Allied defense and security investment in the United States and Europe is rising against that backdrop, and the August 2026 U.S. National Security Science and Technology Strategy identifies advanced manufacturing and materials, artificial intelligence and autonomy, communications and networking, directed energy, information management and cybersecurity, sensing and signature management, and space technologies among its priority areas. NUBURU believes its dual-use, multi-layer and multi-domain roadmap is directionally aligned with several of these themes. This is the Company’s own assessment and does not constitute government endorsement, qualification, an award, an order or a funding commitment, and our opportunity depends in each case on customer priorities, procurement, competition, funding and execution.

What Shareholders Should Measure

Tekne — closing the proposed transaction, implementing governance, and reporting disciplined conversion of orders into revenue and cash;

Platform execution — forming and operationalizing NDI, recruiting the Chief Platform Officer, advancing the Platform Factory and securing customer validation and contractual awards; and

Financial and capital-markets discipline — liquidity, capital allocation, dilution management and transparent updates regarding the NYSE American appeal.

Thank you for your patience and engagement. We believe NUBURU is assembling a strategically relevant platform as defense, infrastructure and digital-resilience needs converge. We also know that belief does not create value. We ask to be evaluated by milestones, contracts, revenue, cash and disciplined delivery — not by the arithmetic of a reverse split or a single trading day.

Sincerely,

Alessandro Zamboni

Executive Chairman and Co-Chief Executive Officer

About NUBURU, Inc.

NUBURU, Inc. (OTC Pink: BURUD) is a next-generation dual-use Defense & Security integrated platform company developing software-orchestrated, hardware-enabled capabilities for defense and security, critical infrastructure and digital-resilience markets. Its strategy includes directed-energy and non-kinetic effects, EW/CEMA, defense mobility, operational-resilience software and advanced deployable manufacturing. Following the temporary 20-business-day post-split period, the Company’s common stock is expected to resume trading on the OTC Pink Market under the symbol “BURU.” For more information, visit https://ir.nuburu.net/corporate-profile/default.aspx.

Forward-Looking Statements

This shareholder letter contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the commencement of split-adjusted OTC trading, the temporary and post-transition trading symbols and the reverse stock split; the NYSE American appeal, review process and possible resumption of trading; the timing and completion of the Tekne transaction; support provided to Tekne; Tekne’s order portfolio and conversion to revenue or cash; NDI, the Chief Platform Officer and Platform Factory; platform integration, customer adoption and potential recurring or lifecycle revenue; market opportunities; and U.S., EU, NATO and allied priorities.

Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially, including delays or changes in market processing or the ticker-symbol transition; OTC-market liquidity and volatility; a post-split price decline or failure of the reverse split to achieve its purposes; delay or an adverse NYSE American outcome, including failure to satisfy NYSE Regulation or complete required procedures; delay or failure to close the Tekne transaction; changes in funding or consideration and the recoverability or treatment of support provided to Tekne; the preliminary, unaudited and non-U.S.-GAAP nature of Tekne information; differences among order measures; order modification, delay, cancellation, customer acceptance and collection risks; inability to form, staff or operationalize NDI or the Platform Factory; failure to recruit leadership, validate technology, win contracts or generate recurring revenue; government-procurement, competition, cybersecurity, supply-chain, export-control and regulatory risks; the possibility that allied defense initiatives do not produce eligible opportunities or awards; operating losses, negative cash flow, financing needs and dilution; and other risks in NUBURU’s SEC filings. Readers should not place undue reliance on forward-looking statements, which speak only as of their date. NUBURU undertakes no obligation to update them except as required by law. This letter is not investment advice, an offer to sell or a solicitation of an offer to buy securities.

https://www.businesswire.com/news/home/202609...n-Appeal 

Nuburu Inc. (BURU) Stock Research Links

BURU Board Company Profile Buy Rating Time & Sales News Filings Financials
Scroll down for more posts ▼

Top 10 Most Recent News Articles

DIRECTV Bags New NHL Deals: Stakes for Sports Fans

Updated Category News Views 209

NHL Fans, Strap in: DIRECTV Expands Its Lineup In a world where keeping up with your favorite team gets tougher each day, DIRECTV just lobbed a puck right into the net with their latest play. They've snagged a multi-year deal with the NHL for the Carolina Hurricanes, Columbus Blue Jackets, Minnesota Wild, and St. Louis Blues networks. It's a game changer, folks. If you...

Continue Reading
Survivors Secure $800M Settlement with NY Archdiocese

Updated Category News Views 137

Massive Settlement: A Long-Awaited Justice Here's a different kind of news that's hitting like a thunderbolt. Over 1,300 survivors of abuse have finally struck a landmark deal with the Archdiocese of New York. Not only are the numbers staggering, but the relief for these individuals is palpable. We're talking about more than $800 million on the table here. That's some...

Continue Reading
Swanson Nexus Pro Launch: Boost for Dietitians

Updated Category News Views 160

Swanson Enters the Education Arena for Nutritionists Swanson Vitamins is mixing things up again! This time, they're launching something called Swanson Vitamins Nexus Pro, aimed squarely at the registered dietitians and licensed nutritionists crowd. Starting out as the place to grab your basic vitamins, Swanson's not resting on their supplement laurels. No, siree. They've...

Continue Reading
Millrose Faces Securities Fraud Suit Amidst Decline

Updated Category News Views 171

Dark Clouds Over Millrose Properties Holy smokes, folks, if Millrose Properties thought it could skirt under the radar, they were dead wrong. The curtain's been peeled back, and what do we see? A mess of securities fraud allegations and financial hiccups that’s driving its shareholders mad. October wasn’t too friendly—Hunterbrook Media dropped a bombshell revealing...

Continue Reading
Axon Body 5: A Leap Forward in AI for Public Safety

Updated Category News Views 251

Axon Raises the Stakes with Body 5 Camera Boy, oh boy, Axon's dropped a bombshell with the Body 5. We're talking a colossal leap into the AI era for public safety, and if you're in the biz, you can't just shrug this one off. We're looking at 25 times the AI processing power compared to Axon's old units. That's right, I said twenty-five. Real-time situational awareness in...

Continue Reading
Honeywell Aerospace Faces Class Action: Deadline Looms

Updated Category News Views 93

Navigating the Legal Storm with Honeywell Look, investors never have it easy, and when lawsuits start flying like today's news about Honeywell Aerospace, you better have your wits about you. Now here comes Kahn Swick & Foti, LLC, ringing the alarm bells. Any holders of Honeywell Aerospace stocks between late June and early September of '26 are squarely in the spotlight....

Continue Reading
World Young Scientist Summit 2026 in Wenzhou Kicks Off

Updated Category News Views 98

Young Minds Meet AI Innovation Crack open the playbook, and it's clear: young brains from across the globe are gathering in Wenzhou, Zhejiang, China, to wrangle with AI and chart the course of science toward a sustainable future. The World Young Scientist Summit 2026 isn't just a parade of speeches and accolades. Nah, it's a deep dive into where innovative minds believe...

Continue Reading
What to Expect: Your First Therapy Session Insights

Updated Category News Views 136

Starting With the Unknown: The Therapy Journey Begins Rolling into that first therapy session can feel like walking into a mystery with no clues. You're not alone if it stirs up some nerves—most folks feel the same, especially when it's your first rodeo in mental health support. That's where Cody Luke and David Spencer of Luke and Spencer Behavioral Health, based out in...

Continue Reading
Gildan Faces Lawsuit: Allegations of Deceptive Practices Shake Investors

Updated Category News Views 216

Gildan's Troubles Unveiled The financial jungle can be a pretty treacherous place, and Gildan Activewear Inc. (NYSE: GIL) just found out how fickle the market can be. An 18.7% nosedive in Gildan's stock price after a securities fraud class action came knocking—if that isn't enough to stir up a hornet’s nest among investors, I don’t know what is. The Catalyst:...

Continue Reading
Apalutamide Boosts Outlook for Prostate Cancer Treatment

Updated Category News Views 69

Fresh Findings on High-Risk Prostate Cancer Treatments In an industry that often feels like a game of chess, Johnson & Johnson's recent news unveils another one of their strategic moves with the announcement of breakthrough results from their Phase 3 PROTEUS substudy. Turns out, ERLEADA®, their apalutamide treatment, isn't just another pawn; it's a potential...

Continue Reading

Top 5 Most Recently Viewed Articles

Sonnet BioTherapeutics to Showcase Innovations in Immunotherapy

Updated Category News Views 116

Sonnet BioTherapeutics Advances in Immunotherapy Sonnet BioTherapeutics Holdings, Inc. (NASDAQ: SONN) is making significant strides in the field of oncology, thanks to its innovative approach to immunotherapeutic drug development. The company recently announced an exciting opportunity to present its research at an esteemed conference dedicated to cancer research. Exciting...

Continue Reading
Win $1,500 for a Transformative First-Class Flight Experience

Updated Category News Views 129

Transform Your Travel with Upgraded Points' Contest Upgraded Points presents an exciting opportunity for travelers to experience the luxury of first-class flying without the usual financial burden. With the newly launched contest, one lucky winner will be awarded $1,500 to upgrade their domestic round-trip flight to first class and share their journey. This contest is...

Continue Reading
Florida Cancer Specialists Expands Team with Dinesh Keerty, MD

Updated Category News Views 135

Florida Cancer Specialists Welcomes Dr. Dinesh Keerty Florida Cancer Specialists & Research Institute, known for its commitment to outstanding cancer care, is excited to introduce Dr. Dinesh Keerty, a seasoned medical oncologist and hematologist, to its expanding team. He will be serving patients at two prominent locations: one on Medical Center Drive and another on...

Continue Reading
Glen Burnie Bancorp Reports Q3 2024 Results with Insights

Updated Category News Views 87

Glen Burnie Bancorp Financial Performance Overview Glen Burnie Bancorp (NASDAQ: GLBZ) has recently shared its financial results for the third quarter of 2024, revealing a net income of $129,000, equating to $0.04 per share, which reflects a significant decline from the previous year's $551,000 or $0.19 per share. The income for the nine-month period ending September 30,...

Continue Reading
Fifth Third’s Newline™ Recognized as Top Embedded Finance Solution

Updated Category News Views 287

Newline™ by Fifth Third Receives Prestigious Award Newline™ by Fifth Third has recently been celebrated as the Best New Embedded Finance Platform at the Big Bank Theory Awards, organized by Tearsheet. This award showcases the innovation and leadership present in the financial technology sector, particularly highlighting how companies are transforming the banking...

Continue Reading