NUBURU Has Not Received Proxies That Would Constitute A Quorum And Has Decided To Cancel Its Special Meeting And To Withdraw From Consideration By The Co's Stockholders The Proposals Set Forth In The Proxy Statement
Portfolio Pulse from Benzinga Newsdesk
NUBURU, Inc. (NYSE:BURU) has canceled its Special Meeting due to not receiving enough proxies to form a quorum. The proposals will be included in the annual meeting proxy statement expected by October 31, 2024.
October 14, 2024 | 2:57 pm
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NUBURU canceled its Special Meeting due to insufficient proxies for a quorum. Proposals will be deferred to the 2024 annual meeting.
The cancellation of the Special Meeting and deferral of proposals may indicate organizational or shareholder engagement issues, potentially leading to short-term negative sentiment among investors.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100