NUBURU® (“NUBURU”), a manufacturer of high power and high brightness industrial blue lasers, and Tailwind Acquisition announced today a definitive merger agreement that values the combined company at $350 million.
The transaction is expected to result in gross proceeds of up to $334 million to NUBURU (assuming no SPAC share redemptions), plus additional financing to help fund growth initiatives through an agreement with Lincoln Park Capital for up to an aggregate of $100 million subject to the closing of the transaction.
If approved, upon closing NUBURU expects to trade under the ticker symbol BURU. The company will continue to be based in Centennial, CO. Read more.
