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Nuburu将实施1比40反向股票分割
2024-06-13 20:58
- Nuburu (NYSE:BURU) fell Thursday pre-market after the blue laser technology company said it is set to implement a 1-for-40 reverse stock split, effective June 24.
- BURU shares were trading -28.08% pre-market.
- The reverse stock split was disclosed in a shareholder letter from CEO Brian Knaley.
- Shareholders have authorized the reverse stock split.
- The stocks are expected to begin trading on a split-adjusted basis from June 25 under a new CUSIP number 67021W301.
- The move is expected to help the company continue to satisfy the NYSE minimum price requirements for listing.
- Additionally, Nuburu said it is raising capital to extinguish some of its outstanding debt, including the conversion and settlement of outstanding convertible promissory notes in exchange for shares.
- Source: Press Release
More on NUBURU
- NUBURU announces a $3 million capital infusion by strategic investors
- Financial information for NUBURU
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