News: Optoelectronics
19 December 2023
NYSE American commences delisting proceedings for NUBURU’s warrants
NYSE American LLC says that the staff of NYSE Regulation has decided to commence proceedings to delist the redeemable warrants of NUBURU, each whole warrant exercisable for one share of common stock at an exercise price of $11.50 (ticker symbol BURU WS) from the NYSE American. Trading in the warrants has subsequently been suspended immediately. Trading in the NUBURU’s common stock (ticker symbol BURU) continues on the NYSE American.
NUBURU Inc of Centennial, CO, USA was founded in 2015 and develops and manufactures high-power industrial blue lasers.
NYSE Regulation has determined that the warrants are no longer suitable for listing pursuant to Section 1001 of the NYSE American Company Guide due to the low trading price of such warrants.
NUBURU has a right to a review of the delisting of its warrants by the Listings Qualifications Panel of the Committee for Review of the board of directors of the exchange. The NYSE American will apply to the US Securities and Exchange Commission to delist NUBURU’s warrants upon completion of all applicable procedures, including any appeal by the firm of the NYSE Regulation staff’s decision.
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