Nuburu, Inc. (BURU) has effected a 1-for-40 reverse stock split of its common stock, which became effective on September 1, 2026. This action is primarily aimed at increasing the per-share trading price to regain compliance with the NYSE American's minimum listing requirements after the exchange initiated delisting proceedings in July 2026.
Key Details
- Effective Date: The reverse stock split was effective September 1, 2026, with trading on a split-adjusted basis expected to begin on September 2, 2026.
- Reason for Split: The company's stock was suspended from the NYSE American on July 17, 2026, for trading below the minimum price. The company has appealed the delisting and has a hearing scheduled for September 10, 2026.
- Impact on Shares: The number of issued and outstanding shares will be reduced from approximately 370.5 million to approximately 9.3 million. The number of authorized shares remains unchanged.
- Ticker & CUSIP: The common stock will trade under the temporary ticker symbol "BURUD" for 20 business days before reverting to "BURU." A new CUSIP number has been assigned.