1 February 2023
NUBURU and Tailwind finalize business combination
Special-purpose acquisition company (SPAC) Tailwind Acquisition Corp (TWND) and NUBURU Inc of Centennial, CO, USA have completed their business combination (announced on 8 August), resulting in NUBURU becoming a publicly listed company. The combined company will operate under the name Nuburu Inc and its common stock and warrants commenced trading on 1 February on the NYSE American Stock Exchange under the new ticker symbols ‘BURU’ and ‘BURU WS’, respectively.
Founded in 2015, NUBURU is a developer and manufacturer of industrial blue lasers that leverage their high-brightness, high-power design to produce fast, high-quality laser materials processing, including laser welding and additive manufacturing of copper, gold, aluminium and other industrially important metals. The firm’s industrial blue lasers are claimed to produce defect-free welds up to eight times faster than the traditional approaches — all with the flexibility inherent to laser processing.
“Becoming a publicly listed company is an important milestone that we expect will provide access to capital and continued momentum for NUBURU,” says the firm’s Dr Mark Zediker. “We appreciate the Tailwind team’s partnership and look forward to accelerating the development of our high-brightness products to meet the growing demand of our customers globally,” he adds.
NUBURU’s solutions in metal processing are “critical to growing end-markets in 3D printing, aerospace, consumer electronics and e-mobility,” says TWND’s CEO Chris Hollod. “We look forward to seeing NUBURU further strengthen its leadership position as it continues to develop best-in-class solutions.”