TLDRNuburu stock gains 2.56% as a 1-for-40 reverse split moves toward effect soon.BURU targets NYSE American price rules with a 1-for-40 reverse stock split.Nuburu expects BURUD trading to begin on September 2 after the reverse split.The reverse split could cut Nuburu’s outstanding shares to about 9.26 million.Nuburu’s NYSE American appeal remains pending despite the reverse stock split.Nuburu Inc. (BURU) stock gained 2.56% to $0.0400 as the company moved forward with a major capital restructuring. The company approved a 1-for-40 reverse stock split to address NYSE American’s minimum price requirements. BURU briefly traded above $0.0430 before giving back part of its intraday advance.Nuburu, Inc., BURUNuburu Approves 1-for-40 Reverse Stock SplitNuburu’s board approved the reverse split under authority previously granted by company stockholders. The transaction becomes effective at 4:30 p.m. Eastern Time on September 1, 2026. Meanwhile, September 1 will also serve as the official record date for the corporate action.Nuburu expects split-adjusted trading to begin on the OTC Pink Market on September 2. FINRA will temporarily change the company’s ticker from BURU to BURUD after the split. However, the temporary symbol should remain in use for only 20 business days.After that period, the stock will return to its existing BURU trading symbol. The company will also assign its common stock the new CUSIP number 67201W509. Consequently, brokers and market systems will process the shares under the revised capital structure.Reverse Split Reduces Nuburu Share CountEvery 40 outstanding Nuburu shares will automatically convert into one common share when the split takes effect. The action should reduce outstanding shares from approximately 370.49 million to about 9.26 million. However, issuances and conversions before implementation could slightly change the final share count.Nuburu will not issue fractional shares through the reverse split process. The company expects ownership percentages and voting power to remain broadly unchanged after the adjustment. Still, the treatment of fractional holdings could create minor differences among individual positions.The reverse split will not change Nuburu’s common or preferred stock par value. Nuburu will retain authorization for 900 million common shares and 50 million preferred shares. The company will also adjust outstanding equity awards and convertible securities according to their existing terms.NYSE American Appeal Drives Listing StrategyNYSE American suspended Nuburu shares on July 17 after citing the stock’s low selling price. The exchange also started delisting proceedings under Section 1003(f)(v) of its company rules. Nuburu then appealed the decision and requested a review before the Listings Qualifications Panel.The company expects the panel hearing to take place during September 2026. Meanwhile, BURU began trading on the OTC Pink Market on July 20 following the suspension. The company now wants the reverse split to raise its per-share price above problematic listing levels.NYSE American rules address securities trading below $0.10 per share under certain listing circumstances. Nuburu views the reverse split as part of its effort to resolve the pricing issue. Any return to NYSE American trading will still require approval from the exchange.Nuburu has also focused on strengthening its broader financial and operating position during recent months. The company reported positive stockholders’ equity for two consecutive quarters and repaid several material obligations. It also received Italian government authorization to continue its planned acquisition of Tekne.The proposed Tekne transaction forms part of Nuburu’s wider defense and security expansion strategy. Management plans to integrate those operations while seeking stronger revenue and cash generation. However, the immediate market focus remains the reverse split and the pending NYSE American listing appeal.The post Nuburu, Inc. (BURU) Stock: Surges as Reverse Split Targets NYSE American Listing Rules appeared first on Blockonomi.