The laser technology firm priced 244.37M shares at $0.1555 each to fund its acquisition of Tekne.
NUBURU (BURU) completed a best-efforts public offering, raising approximately $38M in gross proceeds. The offering included 244.37M shares and/or pre-funded warrants, priced at $0.1555 per share.
The share price represents a roughly 30% premium over NUBURU’s July 15 closing price of $0.1199. Proceeds will be used to finance the company’s acquisition of Tekne, a precision laser systems provider.
No immediate market reaction was disclosed in the release.