Nuburu announces $3M capital infusion by strategic investors, customer orders

NUBURU announced a $3M investment in the company’s common stock by strategic investors focused on strengthening and growing the company, as well as initial purchase orders from new customers in new markets. Brian Knaley, the Company’s CEO, noted that, “The customer qualification process for our products can be lengthy and complex, but we are finally seeing the fruits of our efforts. We have orders to fill in critical new markets and with new customers and we believe this investment will accelerate our fulfillment process and path towards consistent revenue generation. We are excited about growth opportunities that we can pursue with help from investors who see the company’s potential.” Among the new orders, the company has been awarded an initial purchase order to supply BL-300s to a manufacturer of battery systems in the sustainable energy market, with manufacturing capabilities primarily in Asia. In connection with the strategic investment, the company intends to call a special meeting of stockholders to, among other things, approve the issuance of additional common stock for the purpose of acquiring controlling and non-controlling interests in one or more entities.