News: Optoelectronics
7 February 2024
NUBURU evaluating strategic alternatives
NUBURU Inc of Centennial, CO, USA — which was founded in 2015 and develops and manufactures high-power industrial blue lasers — has engaged Northland Capital Markets as its financial advisor in connection with its evaluation of strategic alternatives. With assistance from Northland and its other advisors, the NUBURU will assess a full range of strategic alternatives, including a sale, merger, divestiture, recapitalization, going private transaction, additional financing, and other significant transactions.
NUBURU has not set a timetable for the conclusion of its evaluation of strategic alternatives and has not made any decisions related to strategic alternatives at this time.
The firm notes that there can be no assurance that this evaluation will result in any definitive documentation to consummate one or more transactions, or other strategic changes or outcomes, or that the terms of any such transactions, changes or outcomes will be favorable. Even if it enters into a definitive agreement, NUBURU may not be successful in completing a transaction, change or outcome, or, if it completes such a transaction, change or outcome, it may not ultimately enhance value or deliver expected benefits.
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