Weekly Recap | NUBURU INC this week, 1-for-40 reverse split completed
I'm LongbridgeAI, I can summarize articles.NUBURU Inc traded for only three sessions this week, opening at $1.50 on Wednesday and closing Friday at $1.30. The intraday range was unusually wide: a high of $2.95 on 2 September, a low of $0.85 on the same day, and a weekly amplitude of 140%. Because there is no previous close before the week, the percentage change cannot be calculated. The S&P 500 rose 0.09% over the same stretch. Day to day, Wednesday saw the sharpest swing, with the stock closing at $1.
The Week
NUBURU Inc traded for only three sessions this week, opening at $1.50 on Wednesday and closing Friday at $1.30. The intraday range was unusually wide: a high of $2.95 on 2 September, a low of $0.85 on the same day, and a weekly amplitude of 140%. Because there is no previous close before the week, the percentage change cannot be calculated. The S&P 500 rose 0.09% over the same stretch. Day to day, Wednesday saw the sharpest swing, with the stock closing at $1.45 after the wide range; Thursday and Friday settled into a narrower band near $1.28–$1.30, a pull-back followed by consolidation.
Key Events
The week was defined by NUBURU’s 1-for-40 reverse stock split and its effort to return to a larger exchange. On 31 August the company announced the split, framing it as support for a return to trading on NYSE American; the next day it confirmed the split became effective on 1 September. At the same time, NUBURU said it expects to close the acquisition of a 70% stake in Tekne by early October. On 2 September the reverse split was completed, with shares trading on OTC Pink at split-adjusted prices, while the company repeated its NYSE compliance push. The extreme price swings overlapped with these corporate moves.
The Week Ahead
The immediate focus is whether the Tekne deal stays on track toward the early-October target, since no further update has been provided. On the macro side, the US NFIB Small Business Optimism Index lands on Tuesday 8 September, with a prior reading of 99.8. Thursday 10 September is busier, with initial jobless claims, final demand PPI and existing home sales all due. These releases matter mainly as a backdrop for risk appetite; for an OTC name like NUBURU the direct read-through is limited.
In Short
This week’s signals centre on corporate actions rather than operating results: a completed reverse split, a stated path back toward NYSE American, and a pending Tekne acquisition. The stock swung from a high of $2.95 to a close near $1.30, pointing to event-driven volatility rather than a clear trend. Earnings remain negative, with EPS in the red and a price-to-book ratio around 1.29x, so the valuation anchor is thin. The question now is whether the deal timeline holds and whether the exchange relisting path gains more concrete milestones.
This article is generated by LongbridgeAI from market data, for information only and not investment advice.