Reported Earlier, Nuburu Secures $65M Financing From Liqueous LP, To Accelerate Commercialization
Portfolio Pulse from Benzinga Newsdesk
NUBURU, Inc. (NYSE:BURU) has secured $65 million in financing from Liqueous LP, including a $15 million direct investment and a $50 million equity line of credit. This funding will help accelerate the commercialization of their industrial blue laser technology.
October 08, 2024 | 6:00 am
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NUBURU, Inc. has secured $65 million in financing, which includes a $15 million direct investment and a $50 million equity line of credit. This funding is crucial for accelerating the commercialization of their blue laser technology.
The $65 million financing provides NUBURU with the necessary capital to accelerate its commercialization efforts. This is likely to have a positive impact on the company's stock price in the short term as it enhances their financial stability and growth prospects.
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