NUBURU Announces Strategic 1-For-40 Reverse Stock Split, With An Anticipated Implementation Date Of July 1, 2024
Portfolio Pulse from Benzinga Newsdesk
NUBURU, Inc. (NYSE:BURU) announced a 1-for-40 reverse stock split, now set for July 1, 2024. The company is appealing NYSE's decision to delist its stock, which is currently traded OTC under the symbol BURU.
June 24, 2024 | 12:33 pm
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NUBURU, Inc. (NYSE:BURU) is implementing a 1-for-40 reverse stock split on July 1, 2024, and is appealing NYSE's delisting decision. The stock is currently traded OTC under the symbol BURU.
The reverse stock split and the appeal against NYSE's delisting decision indicate potential volatility and uncertainty for BURU's stock price in the short term. Reverse splits are often seen as a negative signal by investors.
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