NUBURU, Inc. announced on May 5, 2025, that it received a Notice of Noncompliance from NYSE Regulation. The company was found not in compliance with Section 1003(a)(i) of the NYSE American LLC Company Guide, which requires maintaining stockholders’ equity of $2.0 million or more.
As of December 31, 2024, NUBURU reported a stockholders’ deficit of $(37.8) million and has sustained operating losses and negative cash flows. This financial instability led to its independent auditor including a 'going concern' qualification in its audit opinion.
The company has until October 29, 2026, to regain compliance and must submit a detailed plan by May 29, 2025. Failure to meet these requirements or make consistent progress could lead to delisting proceedings.
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