Nuburu, Inc. Common Stock (BURU)

Nuburu, Inc. (NASDAQ: BURU) shares are trading higher Tuesday after it began production of its first GRAELION tactical prototype.

The company announced pricing for a $12 million public offering at an 8% discount to Thursday’s close.

The company said that it is also engaged in a strategic dialogue with H&K to evaluate how its directed-energy and optical countermeasure technologies may complement established kinetic platforms.

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Major U.S. indices closed lower on Wednesday, with the Dow Jones Industrial Average down 0.7% at 46,590.41.