NYSE American to Commence Delisting Proceedings Against Nuburu, Inc. (BURU)
I'm LongbridgeAI, I can summarize articles.NYSE American announced it will commence delisting proceedings against Nuburu, Inc. (BURU) due to its common stock's low selling price, violating listing standards. Trading in BURU shares is suspended immediately. The company may appeal this decision to the Listings Qualifications Panel. Upon completion of procedures and any appeals, NYSE American will apply to the SEC for final delisting.
NYSE American to Commence Delisting Proceedings Against Nuburu, Inc. (BURU)
NYSE American LLC (“NYSE American” or the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the common stock of Nuburu, Inc. (the “Company”) — ticker symbol BURU — from NYSE American. Trading in the Company’s common stock will be suspended immediately.
NYSE Regulation has determined that the Company is no longer suitable for listing pursuant to Section 1003(f)(v) of the NYSE American Company Guide due to the low selling price of the common stock.
The Company has the right to a review of the staff’s determination to delist the Company’s common stock by the Listings Qualifications Panel of the Committee for Review of the Board of Directors of the Exchange. The NYSE American will apply to the Securities and Exchange Commission to delist the Company’s common shares upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff’s decision.
Company Contact:
Investor Relations: ir@nuburu.net
Media: press@nuburu.net
NYSE Contact:
NYSE Communications
PublicRelations-NYSE@ice.com
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