CENTENNIAL, Colo., May 5, 2025 -- Nuburu Inc. (NYSE American: BURU) has announced that it received a Notice of Noncompliance from NYSE Regulation due to failing to meet the stockholders' equity requirement of $2.0 million, as outlined in Section 1003(a)(i) of the NYSE American LLC Company Guide. The company has reported losses from continuing operations or net losses in two of its three most recent fiscal years, contributing to negative stockholders' equity and raising doubts about its ability to continue as a going concern. Despite this, Nuburu's stocks will continue trading on the NYSE American with the ".BC" designation for non-compliance. The company is set to submit a compliance plan by May 29, 2025, with the aim of meeting the standards by October 29, 2026. If the plan is accepted, Nuburu will undergo quarterly compliance reviews. However, failure to make progress could lead to delisting proceedings, although the company may appeal such decisions. Nuburu is optimistic about regaining compliance through recent transactions, though these are subject to various approvals and conditions.
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