Nuburu, Inc. (BURU) Form 424B3 — Oct 23, 2026
Nuburu filed a 424B3 prospectus registering the resale of up to 20,000,000 shares of common stock issuable to selling stockholders upon conversion of Series B preferred stock issued in the July 17, 2026 public offering. The company receives no proceeds from the resales but may receive up to $35.9 million if holders convert the Series B. The potential share issuance dwarfs the 10,514,898 shares outstanding as of September 29, 2026, creating severe dilution and selling pressure risk; the stock last traded at $0.94 after two 2026 reverse splits (1-for-4.99 and 1-for-40).
Key figures
- Gross Proceeds
- 35500000
- Offering Price
- $6.22 per share plus 0.12012 share of Series B Preferred Stock
- Shares Offered
- 20000000
- Shares Outstanding
- 10514898
- H1 2026 revenue
- 932571
- Q2 2026 revenue
- 524927
- H1 2026 net loss
- 6174759
- Q2 2026 net loss
- 5714861
- Last quoted price
- $0.94 (Sept 29, 2026)
- Accumulated deficit
- 206654590
- Placement agent fee
- 6.25%
- Reverse splits 2026
- ["1-for-4.99 (Feb 2026)","1-for-40 (Sep 2026)"]
- Series b shares sold
- 733853
- Max conversion proceeds
- $35.9 million
- Conversion shares remaining
- 20000000
- Shares issuable on series b conversion
- 76476490
- Dilution to selling stockholders per share
- $0.77
- Net tangible book deficit per share pro forma
- $3.13
AI analysis
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