NUBURU, Inc. announced on November 22, 2024, that it received a notice of non-compliance from the NYSE American Market. The notice indicated that the company was noncompliant with Section 803B(2)(c) of the NYSE American Company Guide.
This non-compliance stemmed from the company's Audit Committee no longer being comprised of at least two independent directors, following the recent resignation of an independent director from the Board of Directors.
NUBURU has until January 4, 2025, to regain compliance with the continued listing standards. The Board is undertaking a process to identify and appoint two independent directors within this timeframe.
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