NEW YORK--(BUSINESS WIRE)--NYSE American LLC (\u201cNYSE American\u201d or the \u201cExchange\u201d) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the common stock of Nuburu, Inc. (the \u201cCompany\u201d) \u2014 ticker symbol BURU \u2014 from NYSE American. Trading in the Company\u2019s common stock will be suspended immediately.<\/p>
\nNYSE 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.<\/p>
\nThe Company has the right to a review of the staff\u2019s determination to delist the Company\u2019s 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\u2019s common shares upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff\u2019s decision.<\/p>
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