NUBURU, Inc. announced on December 11, 2024, that it received a Warning Letter from NYSE Regulation. The letter described violations of Sections 301 and 713 of the NYSE American LLC Company Guide.
The violations were related to the issuance of approximately 4.6 million common shares between May 2024 and August 2024. These issuances occurred in connection with the conversion of certain convertible promissory notes and were determined to be in violation of rules requiring listing applications and, in some cases, stockholder approval.
NUBURU is implementing additional controls to prevent future violations of such NYSE rules. NYSE Regulation has advised that, following the filing of this press release and an associated Current Report on Form 8-K, this matter is resolved.
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