News: Optoelectronics
24 July 2025
NYSE American accepts NUBURU’s plan to regain listing compliance
NUBURU Inc of Centennial, CO, USA — which was founded in 2015 and developed and previously manufactured high-power industrial blue lasers — says that NYSE American LLC has accepted its plan to regain compliance with continued listing standards, granting an extension through 29 October 2026.
This supports NUBURU’s ongoing strategic transformation into a defense-tech firm through its Defense & Security Hub initiative, bolstered by its planned acquisition of the controlling interest of Tekne S.p.A. of Milan, Italy (a provider of integrated electronic warfare and cyber capabilities in military vehicles) and debt recapitalization efforts.
On 29 April, NYSE American notified NUBURU of non-compliance with Section 1003(a)(i) of the NYSE American Company Guide due to a stockholders’ deficit of $37.8m as of end-December 2024, and losses in the two most recent fiscal years. Following a thorough review of NUBURU’s 29 May plan and financial projections, NYSE Regulation has approved the plan, allowing NUBURU to continue its listing while executing key initiatives, including:
- Strategic acquisitions: Advancing the Defense & Security Hub initiative (which includes the Tekne strategic investment and the acquisition of a Software as Service’ business in the space of operational resilience), leveraging Tekne’s €50m product roadmap, including the Tactical Bubble defense products for secure command-and-control networks, currently deployed in Italian military exercises.
- Debt recapitalization: Strengthening the firm’s financial position by addressing outstanding preferred stock liabilities and key vendor obligations, enhancing investor attractiveness.
- Funding the new market positioning of the blue laser business unit: supporting the go-to-market of NUBURU’s high-performance blue laser technology alongside strategic partnerships and the focus on the defense sector, to drive long-term sustainable growth of such business line.
“This NYSE approval is a critical step in our transformation journey,” says executive chairman Alessandro Zamboni. “It provides the runway to execute our strategic vision, including the Tekne strategic investment and debt restructuring, positioning NUBURU as a leader in defense-tech and critical infrastructure markets.”
Update on Tekne strategic investment
NUBURU continues to progress toward the acquisition of the controlling interest in Tekne as a cornerstone of its Defense & Security Hub initiative. The strategic investment remains subject to the Italian government’s ‘Golden Power’ review, which will be concluded by 25 August. The Tactical Bubble, a key Tekne product, enhances Italy’s defense modernization by countering threats like drones and electromagnetic warfare, aligning with NUBURU’s mission to deliver innovative, high-value solutions.
NYSE compliance and next steps
NUBURU will provide quarterly updates to NYSE Regulation staff in conjunction with its SEC filings and key milestones. If the company does not regain compliance by 29 October 2026, or fails to make progress consistent with the plan, NYSE Regulation may initiate delisting proceedings.
NUBURU reports progress in acquisition of Tekne as part of Defense & Security Hub
NUBURU accelerates M&A strategy with $100m flexible growth capital
NUBURU notified of non-compliance with NYSE American Company Guide
