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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