$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
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
