Nuburu shares are trading lower after the company announced the commencement of a proposed best-efforts public offering of up to $38.0 million.

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Nuburu Stock Pulls Back After Funding Plan Reshapes Balance Sheet

NUBURU stock fell after the company priced a $38 million public offering to fund the Tekne acquisition and reduce debt.

Reported Earlier, NUBURU Prices $38.0M Public Offering Of 244,372,984 Common Shares At $0.1555 Per Share, A 30% Premium, To Fund Tekne Acquisition