NUBURU, Inc. announced the pricing of a $12 million public offering to advance its transformation strategy in the defense technology sector.
The offering strengthens NUBURU's position as a leader in defense and security technology.
The public offering involved the issuance and sale of common stock and pre-funded warrants at specific prices.
Strategic Transformation
The $12 million public offering will fuel NUBURU's ambitious strategic transformation in the defense technology sector.
Investment by Esousa Group Holdings
Esousa Group Holdings led the offering with a $10 million investment, showcasing confidence in NUBURU's potential.
Exclusive Placement Agent
Joseph Gunnar & Co., LLC is serving as the exclusive placement agent for the offering, ensuring a strategic approach to capital raising.
Use of Proceeds
The anticipated gross proceeds of $12 million will support NUBURU's acquisition plan and growth initiatives in defense technology.
- The $12 million raised will fund NUBURU's phased acquisition plan and growth initiatives in defense technology, positioning the company for future success.
- Key initiatives include providing capital support to Tekne S.p.A., fueling the Tekne US Joint Venture, and unlocking $7.5 million of existing orders, enhancing NUBURU's capabilities in the defense market.
NUBURU's successful $12 million public offering signifies a significant milestone in its strategic transformation within the defense technology sector. The capital raised will pave the way for innovative solutions and enhanced operational resilience, driving growth and market leadership for NUBURU.