CENTENNIAL, Colo. – Nuburu, Inc. (BURU), a micro-cap miscellaneous electrical machinery and equipment company with a market capitalization of $2.53 million, expands its Board of Directors from four to six members to two announced the appointment of The new directors are effective immediately.
The company’s stock has seen significant momentum recently, rising more than 40% over the past week despite trading at $0.70 per share, according to InvestingPro data. The announcement, based on recent SEC filings, comes as the company prepares for its 2025 annual meeting of shareholders.
Dario Barizzoni, 57, joins the Board with more than 20 years of experience in the technology sector, particularly in optoelectronics and international business. He has held senior leadership roles in Europe, the Middle East and Asia. Barisoni has contributed to market expansion and has a strong background in M&A. He currently serves as co-founder and managing director of Bionexus and managing partner of 2Invest.
Previous roles include Middle East and Asia CEO of SIAE Microelectronica. Barisoni’s educational background includes an Executive MBA from POLIMI School of Management and a Master of Science in Optoelectronics from Politecnico di Milano.
Sean Taylor, 62, has more than 20 years of experience in a partial chief financial officer role, primarily in the SaaS technology, media and intellectual property sectors. He has a background in driving growth in startup and scale-up environments and is well versed in corporate finance, IPOs and strategic transactions. Mr. Taylor has served as CFO for various European companies including: 8 capital partners (AQUIS:) plc. He holds a BA in Geography from King’s College, University of London and is a Chartered Accountant with the Institute of Chartered Accountants of England and Wales.
Mr. Barisoni and Mr. Taylor will both serve on the Company’s Audit Committee, with Mr. Barisoni serving on the Nominating and Corporate Governance Committee and Mr. Taylor also joining the Compensation Committee. Their terms of office are scheduled to expire at the 2025 Annual General Meeting, unless they leave office sooner due to death, disability, resignation, removal or otherwise.
This strategic move to expand Nuburu’s Board of Directors is aimed at strengthening the company’s governance and expertise as it continues to grow and evolve in the electromechanical sector. The appointment comes at a critical time, with InvestingPro’s analysis showing challenging financial metrics, including negative gross margins and a low current ratio of 0.15. This appointment reflects Nuble’s commitment to incorporating diverse and experienced leadership to guide the company’s future initiatives. InvestingPro subscribers have access to 15 additional key insights into Nubl’s financial health and market position.
In other recent news, Nuburu Inc. is making a series of significant financial and operational developments. Several proposals were approved at the company’s general meeting, including the election of directors and the issuance of common stock above the 19.9% threshold. The company also received a notice of default requiring repayment of approximately $6.8 million in outstanding principal amount of senior convertible notes.
Nubl has adjusted the quorum requirements for shareholder meetings, a measure aimed at facilitating business operations. Additionally, the company experienced changes to its board of directors, with two members resigning: Lily Jan Hughes and Christie Hummel. A special meeting to discuss the funding proposal was canceled due to lack of quorum.
The company has transitioned into a new capital credit facility with Liqueous with an initial capital injection of $3 million and weekly investments of $1.25 million. On the product side, Nuburu launched the AO-650 laser and BLTM series, won an $850,000 Phase II contract from NASA, and received $3 million in common stock from strategic investors led by Alessandro Zamboni, chairman of Avantgarde Group. I received an investment. spa
This article was generated with the help of AI and reviewed by an editor. Please see our Terms of Use for more information.
