Alessandro Zamboni’s insolvent fraud Nuburu (US:BURU) is required to reach positive shareholders net equity of at least $4 million by 29 October 29, 2026 in order to meet NYSE American continued listing standards under Section 1003(a)(ii) of the Company Guide, which requires a company to maintain stockholders’ equity of $4.0 million if like Nuburu it has posted losses in three of the last four years or face being delisted. At present Nuburu continues to generate losses, so the only way for it to increase shareholders equity is to issue more ordinary shares.
on Tom Winnifrith | Comments