News: Optoelectronics
30 June 2026
NUBURU expects stockholders’ equity to exceed $4m requirement for continued listing
Based on preliminary, unaudited accounting data as of end-May, NUBURU Inc of Centennial, CO, USA (a dual-use defense & security integrated platform company focused on non-kinetic effects and directed-energy technologies, electronic warfare and defense mobility programs, software-orchestrated defense systems and advanced manufacturing) expects its stockholders' equity to materially exceed the $4m requirement applicable under the NYSE American continued-listing rules for companies with a history of losses.
The firm believes that this positive development reflects the balance-sheet impact of its ongoing use of equity and equity-linked capital as part of a broader effort to reduce debt and preferred-share obligations, strengthen common equity, support strategic acquisitions and operations, and advance its industrial transformation.
“We understand from our ongoing dialogue with investors that dilution is an important focus, and we do not dismiss it. At the same time, share count alone does not tell the full story,” says executive chairman & co-CEO Alessandro Zamboni. “Dilution is not always negative when issuances are used to reduce debt, reduce preferred-share obligations, strengthen equity and fund assets that can transform the business. Our priority is to convert this capital-structure work into measurable outcomes under the transformation plan - including with respect to our investments in Lyocon, Orbit, SunCubes, Tekne and the broader software-defined dual-use Defense & Security platform,” he adds. “We remain focused on creating value for our stockholders and deeply appreciate their support as we continue to pursue the consummation of the Tekne transaction.”
Progress under NYSE American compliance plan
On 12 May, NUBURU received a notice from NYSE American that it was not in compliance with Section 1003(a)(ii) of the NYSE American LLC Company Guide, which requires stockholders' equity of at least $4m for a firm with a history of losses. NYSE American did not require a new compliance plan, and NUBURU continues to operate under its previously announced plan through 29 October.
Based on its preliminary end-May review, NUBURU believes that its stockholders' equity materially exceeds the applicable NYSE American requirement. However, NUBURU has not yet received notice from NYSE American that it has regained compliance. The firm’s securities remain subject to the existing compliance plan and the ‘.BC’ designation, and the determination of compliance rests solely with NYSE American following its review of the firm’s final financial information and continued progress under the plan.
NUBURU restores full compliance with NYSE American regulatory disclosure requirements
