NUBURU, Inc. announced on October 5, 2024, the cancellation of its Special Proxy Statement. The decision was made because the company did not receive proxies that would constitute a quorum for the special meeting.
The proposals intended for the special meeting, which are necessary to raise critical working capital, will now be included in the company's annual meeting proxy statement. This annual meeting proxy statement is anticipated to be filed no later than October 31, 2024.
This cancellation delays NUBURU's ability to move forward with required financing, which is crucial for supporting its business plans and continuing its path to achieving commercialization.
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