NUBURU Returns to NYSE American After July Trading Suspension

NUBURU Inc. returned to NYSE American trading on Monday under the ticker symbol BURU after nearly two months in which trading on the exchange had been suspended. The company said on September 9 that it had been notified by NYSE Regulation that its common stock was scheduled to resume trading on September 14.

The return follows a 1-for-40 reverse stock split that became effective September 1 and was designed to address the low-selling-price issue behind NYSE American’s July 17 suspension. During the suspension, NUBURU’s shares were quoted on the OTC Pink Market, most recently under the temporary post-split symbol BURUD. NUBURU said shareholders were not expected to take any action solely because of the move back to NYSE American.

A 1-for-40 split addressed the immediate price problem

NUBURU’s September 9 reinstatement announcement said the common stock would continue to use CUSIP number 67021W509 and return to the BURU symbol when trading resumed. The company tied the resumption directly to the reverse split and the effort to address the low-price issue cited by the exchange.

When NUBURU announced the split on August 31, it said the action was intended to raise the per-share trading price and support its request for NYSE American trading to resume. The exchange had suspended the shares after their price fell below $0.10, the level cited in the company’s disclosures concerning NYSE American’s minimum trading price requirement.

The split became effective at 4:30 p.m. Eastern Time on September 1. In an SEC filing describing the change, NUBURU said every 40 outstanding shares were combined into one share. It estimated that the action would reduce issued and outstanding common shares from about 370.5 million to about 9.26 million, subject to issuances, exercises or conversions before effectiveness and the treatment of fractional shares. The company’s authorized common-share count remained 900 million, and the $0.0001 par value was unchanged.

A reverse split changes the number of shares and the per-share reference price, not the underlying value of the business by itself. NUBURU made that distinction in its September 2 shareholder letter, saying the market would determine the price after the mechanical adjustment. Before receiving the later NYSE Regulation notice, the company also warned that the split did not ensure a sustained increase in its market price or guarantee that trading would resume on NYSE American.

The July suspension followed another price-related halt this year

The July action was not NUBURU’s first exchange interruption in 2026. NYSE American halted the stock on February 13 after its trading price dropped below $0.10. NUBURU then implemented a 1-for-4.99 reverse split on February 27, and its June-quarter filing says the common stock resumed trading on March 2.

Trading stopped again on July 17. NYSE Regulation said it had determined that NUBURU was no longer suitable for listing under Section 1003(f)(v) of the NYSE American Company Guide because of the low selling price and began delisting proceedings. NUBURU appealed the determination and requested review by the exchange’s Listings Qualifications Panel. The company’s September 9 release did not describe the panel’s reasoning or claim that every other listing issue had been resolved; it said only that, following notification from NYSE Regulation, trading was scheduled to resume September 14.

NUBURU has also been dealing with a separate continued-listing issue tied to stockholders’ equity. The company reported stockholders’ equity of about $9.37 million at June 30 and said that amount exceeded the $4 million threshold cited in an earlier NYSE American notice. NUBURU has emphasized that the equity matter is distinct from the low-selling-price determination that triggered the July suspension. Its compliance plan for the equity requirement runs through October 29, 2026, and the exchange retains authority over the formal compliance determination.

That distinction matters for investors because a return to trading resolves the immediate suspension, but it does not erase the history of repeated price-related exchange action or the company’s other continued-listing obligations. The September resumption therefore restores NYSE American market access without, by itself, settling every financial or compliance question surrounding NUBURU.

Exchange access returns during a broader financial reset

NUBURU’s exchange return comes after a period of heavy financing and strategic activity. In July, the company completed a public offering that generated about $38 million of gross proceeds before placement-agent fees and other offering expenses. Management said the financing was intended in part to support its proposed acquisition of a 70% interest in Italian defense company Tekne S.p.A. and to reduce debt.

The latest quarterly financial statements still show why access to capital remains important. For the three months ended June 30, NUBURU reported revenue of about $525,000 and a net loss of about $6.48 million. For the first six months of 2026, revenue was about $933,000 and the net loss was about $6.94 million. In its quarterly report, NUBURU said historical operating losses, negative operating cash flow, debt-service obligations and reliance on external financing raised substantial doubt about its ability to continue as a going concern within 12 months of the financial statements’ issuance.

Those June 30 figures predate the July financing, so they do not reflect the later capital raise or subsequent debt repayments announced by the company. They do, however, show that resuming exchange trading is one part of a larger effort rather than a stand-alone change in the company’s operating position.

NUBURU is also trying to shift its business toward what it describes as a dual-use defense and security platform. The company has said it expects the proposed 70% Tekne acquisition to close in the first half of October, subject to the remaining closing steps. For shareholders, the nearer-term milestones are more concrete: maintaining trading on NYSE American under BURU, meeting applicable continued-listing requirements, and completing the Tekne purchase on the timetable the company has outlined.