NUBURU, Inc. (AMEX:BURU) shares fell 17.23% to $0.81 in after-hours trading Thursday.
Nuburu is a defense, security and critical-infrastructure technology company that develops dual-use solutions, including directed-energy and electronic-warfare technologies.
Registration Details
According to a registration statement on Form S-3 filed with the SEC on Thursday, selling stockholders may resell up to 20 million shares of the company’s common stock.
The filing said the shares have been or may be issued to the selling stockholders upon conversion of Series B preferred stock the company issued to them on July 17, 2026.
The company said it will not receive any proceeds from the resale of shares by the selling stockholders. It said it may receive up to approximately $35.9 million in gross proceeds from the conversion of the Series B preferred stock under certain circumstances.
The filing said the company had about 10.5 million shares of common stock outstanding as of Sept. 29.
Trading Metrics, Technical Analysis
Nuburu has a market capitalization of approximately $9.08 million.
Over the past year, Nuburu shares have fallen 98.56%.
The stock has traded between a 52-week high of $87.64 and a low of $0.85.
Benzinga’s Edge Stock Rankings show a negative price trend across short-, medium- and long-term time frames.
Price Action: In the regular session, Nuburu shares fell 1.67% to close at $0.98 on Thursday.
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