An update from Nuburu (BURU) is now available.
Nuburu, Inc. has announced a reverse stock split of its common stock at a 1-for-40 ratio, effective July 23, 2024, after market close, with shares trading on a split-adjusted basis the following day. The split aims to combine current shares into fewer shares, rounding up to eliminate fractional shares without changing stockholder percentage ownership or voting power. The reverse split, which maintains the company’s authorized capital stock, is part of a strategic effort to enhance stock performance and potentially improve equity capital opportunities, while acknowledging the risks and uncertainties inherent in such financial maneuvers.
For detailed information about BURU stock, go to TipRanks’ Stock Analysis page.
