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- Delisting (new) — Second NYSE noncompliance notice for failing to maintain minimum stockholders' equity amid deepening deficit and ongoing losses.
- Patent Portfolio Foreclosure (new) — Company faces risk of losing its patent portfolio through foreclosure by secured creditors.
Nuburu receives second NYSE delisting notice for $15.2M deficit, swaps preferred stock for warrants
Filed May 15, 2026 · Period ending May 11, 2026 · ~1 min read
Key Changes
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NYSE issued second noncompliance notice in 13 months; company has $15.2M stockholders' deficit vs. required $4M minimum equity, with losses in 3 of last 4 years. Deadline to regain compliance: October 29, 2026.
Item 3.01 verify on EDGAR → -
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Exchanged 71,430 preferred shares with Indigo Capital for warrant covering 4.4M common shares at $0.0001 exercise price. Up to 446,946 additional preferred shares may be exchanged to eliminate liabilities and boost equity.
Item 1.01 verify on EDGAR → -
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Warrant pricing uses 30% discount to lowest 5-day volume-weighted average price, creating significant dilution risk for common shareholders despite Indigo's 4.99% ownership cap.
Item 1.01 verify on EDGAR →
1 more material change behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Generated by AI · May 25, 2026 4:50 AM