News: Optoelectronics
29 December 2022
Tailwind stockholders approve NUBURU business combination
At a special meeting, shareholders of special-purpose acquisition company (SPAC) Tailwind Acquisition Corp voted to approve its business combination (announced on 8 August) with NUBURU Inc of Centennial, CO, USA, as well as other proposals related to the business combination.
Founded in 2015, NUBURU is a developer and manufacturer of industrial blue lasers that leverage their high-brightness, high-power design to produce fast, high-quality laser materials processing, including laser welding and additive manufacturing of copper, gold, aluminium and other industrially important metals. NUBURU’s industrial blue lasers are claimed to produce defect-free welds up to eight times faster than the traditional approaches — all with the flexibility inherent to laser processing.
Tailwind is a blank-check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Tailwind seeks to capitalize on the decades of combined investment experience of its management team, board of directors and advisors who are both technology entrepreneurs as well as technology-oriented investors with a shared vision of identifying and investing in technology companies.
NUBURU raises $5m in convertible promissory notes to provide capital to invest in business
