Funds will support phased acquisitions of businesses with existing $500 million portfolios of orders, driving expansion in the anticipated $20 billion electronic warfare and operational resilience market over the next three years.

NUBURU, Inc. (NYSE:BURU), a global pioneer in high-performance blue laser technology, today announces the closing of its previously announced $12 million public offering.

The public offering involved the issuance and sale of $12 million in common stock and pre-funded warrants in lieu of shares, at a subscription price of $0.1428 per share, and $0.1427 per prefunded warrant, representing 32,373,536 common shares and 51,660,075 pre-funded warrants. Additionally, the Company issued 126,050,417 common warrants to purchase up to 150% of the aggregate number of shares and pre-funded warrants, with an exercise price of $0.1714 per warrant share, which common warrants are immediately exercisable and expire five years from their date of issuance. The prefunded warrants have an exercise price of $0.0001 per prefunded warrant share, are immediately exercisable, and expire when exercised in full.

Joseph Gunnar & Co., LLC acted as the exclusive placement agent in connection with the offering.

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