The stock’s decline came against a slightly negative broader market backdrop, with S&P 500 futures down 0.1%.
Offering To Support Tekne Deal
NUBURU is offering 244,372,984 shares of common stock and/or pre-funded warrants, together with accompanying Series B Preferred Stock.
The combined offering price is $0.1555 per common share and accompanying preferred stock, or $0.1554 per pre-funded warrant and accompanying preferred stock. Each pre-funded warrant carries a $0.0001 exercise price.
The pricing represents an approximately 30% premium to NUBURU’s July 15 closing price of $0.1199.
