Nuburu Updates NYSE Compliance, Expects Q1 Stockholders' Equity Over $2M

Nuburu provided an update regarding its NYSE American listing compliance and expected Q1 stockholders' equity. On April 29, 2025, Nuburu received a Notice of Noncompliance from NYSE Regulation indicating that the company was not in compliance with the NYSE American LLC Company Guide, which requires a company to maintain stockholders' equity of $2.0M or more if it has reported losses from continuing operations or net losses in two of its three most recent fiscal years, and NYSE American granted a plan period through October 29, 2026. Nuburu expects to report positive stockholders' equity in excess of such $2.0M threshold for the quarter ended March 31, 2026. On May 12, in light of the reported stockholders' deficit of approximately $15.2M as of December 31, 2025 and historical net losses, Nuburu received a subsequent notice from NYSE American indicating that the company was not in compliance with the Company Guide, which requires a company to maintain stockholders' equity of $4.0M or more if it has reported losses from continuing operations or net losses in three of its four most recent fiscal years. NYSE American is not requiring that a new compliance plan be provided with respect to such increased compliance threshold and the company will continue to operate against the Compliance Plan previously accepted by NYSE American. The company expects to report stockholders' equity of approximately $3.2M as of March 31, 2026, up approximately $18.4M from year-end 2025. The company expects to demonstrate compliance with the increased $4M NYSE American stockholders' equity requirement for the quarter ended June 30, 2026.