NUBURU Announces Transition to New Equity Line of Credit
October 11 2024 - 9:07AM
Business Wire
NUBURU, Inc. (“NUBURU” or the “Company”) (NYSE American:
BURU), a leading innovator in high-power and high-brightness
industrial blue laser technology, today announced the termination
of its Equity Line of Credit (ELOC) with Lincoln Park and
transition to a new ELOC with Liqueous, which was announced on
October 7th, 2024. The Company believes that the Liqueous ELOC will
be supportive of its path to achieve commercialization.
About NUBURU
Founded in 2015, NUBURU, Inc. (NYSEAM: BURU) is a developer and
manufacturer of industrial blue lasers that leverage fundamental
physics and its high-brightness, high-power design to produce
higher quality welds and parts at a faster rate than current lasers
can produce for laser welding and additive manufacturing of copper,
gold, aluminum and other industrially important metals. NUBURU’s
industrial blue lasers produce minimal to defect-free welds at a
rate that is up to eight times faster than traditional welding
methods — all with the flexibility inherent to laser processing.
For more information, please visit www.nuburu.net.
Forward-Looking Statements
This press release contains certain “forward-looking statements”
within the meaning of the United States Private Securities
Litigation Reform Act of 1995, Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended, including relating to its partnership with GE
Additive. All statements other than statements of historical fact
contained in this press release may be forward-looking statements.
Some of these forward-looking statements can be identified by the
use of forward-looking words, including “may,” “should,” “expect,”
“intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,”
“plan,” “seek,” “targets,” “projects,” “could,” “would,”
“continue,” “forecast” or the negatives of these terms or
variations of them or similar expressions. Forward-looking
statements in this press release include, among other things:
anticipated benefits associated with laser-based additive
manufacturing. All forward-looking statements are subject to risks,
uncertainties, and other factors which could cause actual results
to differ materially from those expressed or implied by such
forward-looking statements. All forward-looking statements are
based upon estimates, forecasts and assumptions that, while
considered reasonable by NUBURU and its management, are inherently
uncertain and many factors may cause the company’s actual results
to differ materially from current expectations which include, but
are not limited to: (1) the ability to continue to meet the
security exchange’s listing standards; (2) failure to achieve
expectations regarding its product development and pipeline; (3)
the inability to access sufficient capital to operate as
anticipated; (4) the inability to recognize the anticipated
benefits of the business combination, which may be affected by,
among other things, competition, the ability of the company to grow
and manage growth profitably, maintain relationships with customers
and suppliers and retain its management and key employees; (5)
changes in applicable laws or regulations; (6) the possibility that
NUBURU may be adversely affected by other economic, business and/or
competitive factors; (7) volatility in the financial system and
markets caused by geopolitical and economic factors; (8) failing to
realize benefits from the partnership with GE Additive; and (9)
other risks and uncertainties set forth in the sections entitled
“Risk Factors” and “Cautionary Note Regarding Forward-Looking
Statements” in NUBURU’s most recent periodic report on Form 10-K or
Form 10-Q and other documents filed with the Securities and
Exchange Commission from time to time. These filings identify and
address other important risks and uncertainties that could cause
actual events and results to differ materially from those contained
in the forward-looking statements. Nothing in this press release
should be regarded as a representation by any person that the
forward-looking statements set forth herein will be achieved or
that any of the contemplated results of such forward-looking
statements will be achieved. You should not place undue reliance on
forward-looking statements, which speak only as of the date they
are made. NUBURU does not give any assurance that it will achieve
its expected results. NUBURU assumes no obligation to update or
revise these forward-looking statements, whether as a result of new
information, future events or otherwise, except as otherwise
required by applicable law.
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Investor Relations: NUBURU, Inc. ir@nuburu.net (720)
767-1400
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