LOS ANGELES & CENTENNIAL, Colorado, January 31, 2023–(BUSINESS WIRE)–Tailwind Acquisition Corp. (NYSE American: TWND, TWND. U, TWND WS) a special purpose acquisition company and NUBURU, Inc. (“NUBURU”), a leading innovator in the -brightness industrial blue laser technology, announced today today the completion of its previously announced business combination (“the Business Combination”), making NUBURU a publicly traded company. The combined company will operate as “Nuburu, Inc.” name and its common shares and warrants will begin trading on February 1, 2023 on the American stock exchange NYSE under the new symbols “BURU” and “BURU WS”, respectively.
“Becoming a publicly traded company is an important step that we hope will provide access to capital and continued momentum for NUBURU,” said Dr. Mark Zediker, CEO and co-founder of NUBURU. “We appreciate the partnership of the Tailwind team and look forward to accelerating the development of our high-brightness products to meet the growing demand from our customers around the world.”
“We are thrilled to finalize our business association with an industry leader like NUBURU, whose metal processing solutions are critical to the growth of the 3D printing, aerospace, large electronics end markets. public and electric mobility,” said Chris Hollod, CEO of TWND. “We look forward to seeing NUBURU further solidify its leadership position as it continues to develop best-in-class solutions for its customers.”
As previously announced, NUBURU also introduced the NUBURU BL™ series today, at Photonics West, a new compact form factor generation blue laser enabled by an innovative 3rd generation light engine design. BL Series lasers are designed as easy-to-maintain packages that can easily integrate with scanners and beam delivery systems. The 125 watt BL-125 and 250 watt BL-250 lasers will provide high power and brightness along with integrated power monitoring, enabling design and manufacturing efficiencies in a wide variety of industries. Nuburu reminds Photonics attendees that they are invited to discuss the impact of Nuburu’s new BL-Series compact form factor generation blue laser with Nuburu representatives at Photonics West booth 3086.
Advances in the new light engine build on the extensive range of application development that NUBURU has conducted with the AO and AI product lines. The entire NUBURU product line is designed to bring the fundamental physical, economic and performance benefits of the industrial blue laser to the electrification (energy storage, electric vehicles) and 3C (computing, communication, large electronics) sectors. audience).
Founded in 2015, NUBURU is a developer and manufacturer of industrial blue lasers that leverage fundamental physics and their high-brightness, high-power design to produce a faster, higher-quality laser than currently available alternatives in materials processing. , including laser welding and additive manufacturing. copper, gold, aluminum and other important industrial metals. NUBURU’s industrial blue lasers produce minimal to flawless welds that are up to eight times faster than traditional approaches, all with the inherent flexibility of laser processing.
Learn more about NUBURU.net.
TWND is a blank check corporation incorporated for the purpose of effecting a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. TWND seeks to capitalize on the decades of combined investment experience of its management team, board and advisors who are both technology entrepreneurs and technology-focused investors with a vision joint identification and investment in technology companies.
Learn more about https://twnd.tailwindacquisition.com/
Advisors and other professionals
Cohen & Company, Loop Capital Markets LLC and Tigress Financial Partners, LLC are acting as capital markets advisors to NUBURU and TWND. Morrison & Foerster LLP is legal counsel to the Capital Markets Advisors. Willkie Farr & Gallagher LLP is legal counsel to TWND. Wilson Sonsini Goodrich & Rosati, PC is legal counsel to NUBURU. Blueshirt Capital Advisors acts as investor relations advisor to NUBURU. Withum Smith+Brown, PC is the independent auditor of NUBURU.
This press release contains certain “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including certain financial forecasts and projections. All statements other than statements of historical facts contained in this press release may be forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including “may”, “should”, “expect”, “intend”, “will”, “estimate”, ” anticipates”, “believes”, “predict”, “plan”, “seek”, “targets”, “projects”, “could”, “would”, “continue”, “expect” or the negative forms of these terms or variations thereof or similar expressions.All forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. forward-looking statements are based on estimates, forecasts and assumptions which, although considered reasonable by TWND and its management, and NUBURU and its management, as applicable, are inherently uncertain and many factors could cause actual results differ nt noticeably. current expectations which include, but are not limited to: (1) the ability to continue to meet the listing standards of the stock exchange after the completion of the business combination; (2) failure to meet expectations regarding its product development and pipeline; (3) the inability to access sufficient capital following the business combination to operate as intended (4) the risk that the business combination will disrupt NUBURU’s current plans and operations following the announcement and the completion of the business combination; (5) failure to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition, the ability of the combined business to expand and manage growth profitably, to maintain relationships with customers and suppliers and to retain its management and key employees; (6) changes in applicable laws or regulations; (7) the possibility that NUBURU or the combined company will be adversely affected by other economic, business and/or competitive factors; (8) failure to obtain financing from Lincoln Park Capital; (9) the impact of the COVID-19 pandemic, including any mutation or variation thereof, and its effect on business and financial conditions; (10) market volatility caused by geopolitical and economic factors; and (11) other risks and uncertainties set forth in the sections titled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in NUBURU’s Form S-1 (File No. 333-248113), Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2022 and the proxy statement/business combination prospectus filed by NUBURU with the Securities and Exchange Commission (the “SEC”) on December 12, 2022 and d other documents filed with the SEC from time to time. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Nothing in this press release should be taken as a representation by anyone that the forward-looking statements set forth herein will be realized or that any of the results contemplated by such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. NUBURU gives no assurance that it will achieve the expected results. NUBURU undertakes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.
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