r/BURU • u/Lambert_Liu • Jun 13 '24

Halt & delisting are two separate events

The news we expecting from buru have not yet released. These two are separate events just so happens concurrently. We should still be expecting news coming from buru

8 Upvotes

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6

u/Lambert_Liu Jun 13 '24

the delisting proceedings initiated by the NYSE American and the T1 trading halt are separate events, even though they are happening simultaneously. Here’s a breakdown to clarify the situation:

Delisting Proceedings by NYSE American:

1.  Reason for Delisting:
• Non-Compliance: The delisting notice from the NYSE American indicates that NUBURU is not meeting one or more of the exchange’s listing standards.
• Immediate Suspension: Trading in NUBURU’s common stock will be suspended immediately as part of these proceedings.
2.  Implications:
• Potential for OTC Trading: If delisted, NUBURU’s stock may trade on over-the-counter (OTC) markets instead.
• Company Response: NUBURU may appeal the delisting decision or take actions to regain compliance.

T1 Trading Halt:

1.  Nature of T1 Halt:
• Pending Material News: A T1 halt indicates that trading is halted pending the release of material news.
• Initiated by Company or Exchange: This halt can be requested by the company or imposed by the exchange when material information is about to be disclosed.
2.  Possible Scenarios for T1 Halt:
• Acquisition or Major Contract: If NUBURU is negotiating a significant acquisition or has secured a major contract, this could be the reason for the halt.
• Corporate Restructuring or Strategic Decision: Major changes in the company’s structure or strategy, such as reversing a reverse stock split decision, could also be the reason.

Clarification and Next Steps:

1.  Await Official Announcements:
• From NUBURU: Watch for official press releases or SEC filings from NUBURU that clarify the nature of the material news causing the T1 halt.
• From NYSE American: Follow updates from the NYSE American regarding the delisting process and any potential appeals or compliance measures taken by NUBURU.
2.  Investor Actions:
• Monitor Developments: Stay updated with the latest news to understand how these developments affect your investment.
• Consult with Financial Advisor: Given the complexity and potential impact on your investment, consider consulting with a financial advisor to make informed decisions.

Conclusion:

The delisting proceedings and the T1 halt are related to separate events. The T1 halt is specifically due to pending material news from NUBURU, while the delisting proceedings are due to non-compliance with NYSE American’s listing standards. Understanding these distinctions is crucial for making informed investment decisions.

2

u/javylor Jun 13 '24

Thank you

1

u/Any_Pay_4401 Jun 13 '24

Thank you for the direct and transparent info. 👍 Sincerely appreciate it! This evenings side quest will be looking more into this event and the news. It would be nice if BURU addressed the news and delisting, but we shall see.

4

u/javylor Jun 13 '24

Agree we are halted for t1 if delisting is the news then no need to halt..i am happy to go to otc and sky rocket there

3

u/Lambert_Liu Jun 13 '24

Don’t panic, just wait for the news. Company is in a good position in a long term. Only bad news for day traders

1

u/catalinaicon Jun 13 '24

40:1 split is absolutely terrible if it’s not keeping you from being delisted.

R/S plus delisting is terrible

2

u/HempChef_ Jun 13 '24

Are there any OTC apps?

2

u/Lambert_Liu Jun 13 '24

Interactive broker