Nuburu Inc. Announces Restatement of Financial Statements Due to Material Misstatements in Q1 2025 Report

Reuters
06-26
Nuburu Inc. Announces Restatement of Financial Statements Due to Material Misstatements in Q1 2025 Report

Nuburu Inc. has announced a regulatory issue concerning its financial reporting. On June 20, 2025, the company's management, following the recommendation of its Audit Committee, determined that its unaudited financial statements for the three months ending March 31, 2025, should not be relied upon due to material misstatements. These errors involve non-cash accounts related to the fair value calculation of convertible notes, leading to incorrect entries in additional paid-in capital and non-operating expenses. The company plans to restate these financial statements and address the material weakness in internal control over financial reporting identified in their previous annual report. The Audit Committee has discussed this restatement with the independent accounting firm.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nuburu Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000950170-25-090023), on June 25, 2025, and is solely responsible for the information contained therein.

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