SCT NUBURU strengthens balance sheet, advances defense-tech acquisition program and revamps blue laser business

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SCT NUBURU strengthens balance sheet, advances defense-tech acquisition program and revamps blue laser business

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NUBURU Inc of Centennial, CO, USA — which was founded in 2015 and developed and previously manufactured high-power industrial blue lasers — says that it has continued to strengthen its balance sheet during the quarter through disciplined capital deployment, selective drawdowns under its Standby Equity Purchase Agreement when beneficial, and a further reduction of legacy payables. Cash on hand remains robust as the firm strategically allocates capital to high-value defense and security growth initiatives under its transformation plan. ..

Source: https://www.semiconductor-today.com/new ... 1125.shtml
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