Nuburu, Inc. [BURU] - IPO Pricing
Nuburu, Inc. priced its IPO at $0.1555 per share, aiming for total gross proceeds of $38,000,000, with net proceeds expected to be $35,625,000 after placement agent fees of $2,375,000.
Why this matters
Nuburu, Inc., a company operating in the miscellaneous electrical machinery, equipment, and supplies sector, has priced its initial public offering at $0.1555 per share. The company aims to raise total gross proceeds of $38,000,000, with net proceeds expected to be $35,625,000 after accounting for placement agent fees of $2,375,000. Nuburu, Inc. is coming to market with this offering, which includes shares of Series B Preferred Stock and Pre-Funded Warrants, to support its business goals as outlined in the prospectus.