NUBURU, Inc. (NYSE: BURU) is a developer and manufacturer of industrial blue laser technology. The Company is focused on leveraging fundamental physics and its design to produce a laser in materials processing, which includes laser welding and additive manufacturing of copper, gold, aluminum, and other industrial metals. Its industrial blue lasers produce minimal to defect-free welds that are up to eight times faster than the traditional approaches. Its products include NUBURU BL series, NUBURU BL-F Series and NUBURU BL-250.

Recent Business and Financial Updates

• Regulatory Warning and Violation Details: NUBURU, Inc. announced that it has received a Warning Letter from NYSE Regulation under Section 1009(a) of the NYSE American LLC Company Guide. The Letter details violations of Sections 301 and 713 of the Company Guide. Section 301 prohibits listed companies from issuing or registering additional securities of a listed class without filing a listing application and obtaining NYSE American's approval. Section 713 mandates shareholder approval when additional shares issued in a transaction equal or exceed 20% of the outstanding stock at a price below the greater of book or market value. Between May 2024 and August 2024, NUBURU issued approximately 4.6 million common shares in connection with the conversion of certain convertible promissory notes, which NYSE Regulation determined violated these provisions.
• Resolution and Future Measures: In response to the violations, the Company is implementing additional controls to ensure compliance with NYSE rules and prevent future breaches. NYSE Regulation has confirmed that, with the filing of this press release and the corresponding Current Report on Form 8-K, the matter is resolved. NUBURU remains committed to adhering to regulatory standards while advancing its leadership in industrial blue laser technology.
• Strategic USD 65 Million Financing Program: Liqueous LP, a prominent multi-strategy fund, announced a USD 65 million comprehensive financing program for Nuburu Inc. (NYSE American: BURU), a leader in industrial blue laser technology. The program includes a USD 15 million direct capital injection and a USD 50 million equity line of credit (ELOC), structured to provide predictable, low-cost capital with minimal dilution. This financing significantly exceeds Nuburu's market cap of approximately USD 2.6 million, emphasizing the company’s intrinsic value and growth potential in sectors such as e-mobility, healthcare, defense, and consumer electronics. Utilizing pre-funded warrants executed at market prices, the program minimizes dilution, ensures alignment with market value, and supports Nuburu's expansion without disruptive financial features.
• Growth Acceleration and Industry Impact: The financing terms, under the Master Transaction Terms Agreement, provide Nuburu with immediate capital, starting with an initial USD 3 million via pre-funded warrants, followed by weekly investments totaling USD 10 million. Nuburu also gains access to the USD 50 million ELOC for future growth initiatives, including a USD 2.5 million convertible note available immediately. This structure enhances liquidity while preserving shareholder value, enabling Nuburu to scale operations in precision-driven industries like aerospace and space exploration. With notable partnerships, including NASA and the U.S. Air Force, and strong support from Liqueous LP, Nuburu is poised to advance its groundbreaking technology, solidifying its market presence and long-term growth trajectory.
• Transition to New Equity Line of Credit: NUBURU, Inc. announced its transition from an Equity Line of Credit (ELOC) with Lincoln Park to a new ELOC with Liqueous, as detailed in the October 7, 2024 announcement. The Company believes the new Liqueous ELOC aligns better with its strategic goals and will support its progress toward commercialization. Founded in 2015, NUBURU develops high-power blue lasers that deliver superior welding and manufacturing capabilities for industrial metals, offering enhanced speed, precision, and defect-free results in critical applications such as additive manufacturing and laser welding.
  

Technical Observation (on the daily chart):

BURU's stock price has shown resilience at lower levels and is currently consolidating within a tight range, indicating that further upward movement may be on the horizon. The 14-day Relative Strength Index (RSI) is currently below the midpoint but appears to be set up for a potential increase in the near future. Furthermore, the stock is on the brink of reclaiming its short-term and medium-term moving averages. Once this occurs, a breakout to the upside could pave the way for more substantial targets. It's important to monitor key support and resistance levels as they will be critical in identifying potential trend reversals and continuations.

As per the above-mentioned price action, recent key business and financial updates, momentum in the stock over the last month, and technical indicators analysis, a ‘Spec Buy’ rating has been given for NUBURU, Inc. (NYSE: BURU) at the closing market price of USD 0.40, as of December 23, 2024 (8:40 am EST). 

Individuals can evaluate the stock based on the support and resistance levels provided in the report in case of keen interest taking into consideration the risk-reward scenario. 

Markets are trading in a highly volatile zone currently due to certain macro-economic issues and prevailing geopolitical tensions. Therefore, it is prudent to follow a cautious approach while investing.

Related Risk: This report may be looked at from a high-risk perspective and a recommendation is provided for a short duration. This report is solely based on technical parameters, and the fundamental performance of the stocks has not been considered in the decision-making process. Other factors which could impact the stock prices include market risks, regulatory risks, interest rates risks, currency risks, social and political instability risks etc 

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is December 23, 2024. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Target Price refers to a price level that the stock is expected to reach as per the relative valuation method and or technical analysis taking into consideration both short-term and long-term scenarios.

Note 5: ‘Kalkine reports are prepared based on the stock prices captured either from the New York Stock Exchange (NYSE), NASDAQ Capital Markets (NASDAQ), and or REFINITIV. Typically, all sources (NYSE, NASDAQ, or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.