Nuburu (BURU) Shares Drop 17% After The Closing Bell Thursday

Nuburu, Inc. (AMEX: BURU) shares dropped 17.23% to $0.81 in after-hours trading on Thursday, following a regular session decline of 1.67% to close at $0.98. The company has a market capitalization of approximately $9.08 million and has seen its stock price fall 98.56% over the past year, with a 52-week high of $87.64 and a low of $0.85. Additionally, Nuburu filed a registration statement allowing selling stockholders to resell up to 20 million shares of common stock, with potential gross proceeds of approximately $35.9 million from the conversion of Series B preferred stock.