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NUBURU goes public on NYSE via SPAC deal
Additive Manufacturing
Jan 31, 2023
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Additive Manufacturing

Additive Manufacturing

Jan 31, 2023

NUBURU goes public on NYSE via SPAC deal

Listing

  • NUBURU, a seller of 3D printers and related products, has announced the completion of its previously announced business combination with special purpose acquisition company (SPAC) Tailwind Acquisition Corp, becoming a publicly listed entity. The combined entity’s common stock and warrants will commence trading on the NYSE under the ticker symbols “BURU” and “BURU WS” on the NYSE respectively.

  • As previously announced, the companies were expected to combine into a USD 350 million enterprise with USD 334 million in gross proceeds. Another USD 100 million was expected to be provided by asset management firm Lincoln Park Capital.

  • NUBURU expects to use the funds to accelerate the development of high-brightness products to meet growing global demand. 

  • The company also introduced the NUBURU B series printer based on new compact form-factor generation blue laser technology.

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