NUBURU Announces Closing of $38.0 Million Public Offering
NUBURU closed a $38.0M public offering at $0.1555 per share, a 30% premium to its prior close, issuing 244.4M shares of common stock and/or pre-funded warrants with accompanying Series B Preferred Stock. Proceeds will advance the proposed Tekne acquisition and retire outstanding indebtedness, with Joseph Gunnar & Co. acting as exclusive placement agent.
Key figures
- Deal Value Usd
- 38000000
- Offering Price
- 0.1555
- Shares Offered
- 244372984
- Premium to close
- 30%
- Prior close price
- 0.1199
- Reverse split planned
- Yes
- Warrant exercise price
- 0.0001
AI analysis
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