LOS ANGELES CENTENNIAL, Colorado, January 31, 2023–(BUSINESS WIRE)–Tailwind Acquisition Corp. (NYSE: TWND, TWND. U, TWND WS) is a special purpose acquisition company and NUBURU, Inc. (“NUBURU”) is a high-power and brightness industrial blue laser technology, a leading innovator in the high power field, today announced the completion of their previously announced business combination (“Business Combination”), making NUBURU a public company. The combined company will operate under “Nuburu, Inc.” The name and its common shares and warrants will begin trading on the New York Stock Exchange American Securities Exchange under the new ticker symbols “BURU” and “BURU WS,” respectively, on February 1, 2023.
“Becoming a public company is an important milestone that we anticipate will provide NUBURU with access to funding and continued momentum,” said Dr. Mark Zediker, CEO and Co-Founder of NUBURU. “We thank the Tailwind team for their partnership , and look forward to accelerating the development of our high-brightness products to meet the growing demands of customers around the world.”
Chris Hollod, CEO of TWND, said: “We are delighted to complete the business combination with an industry leader like NUBURU, whose metalworking solutions are critical to growing end markets such as 3D printing, aerospace, consumer electronics and electric vehicles. is critical.” “We look forward to seeing NUBURU further solidify its leadership as it continues to develop best-in-class solutions for its customers.”
As previously announced, NUBURU is also presenting today at Photonics West the NUBURU BL™ Series, a new compact next-generation blue laser designed with an innovative third-generation light engine. Designed as an easy-to-service kit, the BL Series lasers can be easily integrated with scanners and beam delivery systems. The 125-watt BL-125 and 250-watt BL-250 lasers will provide high power and brightness with integrated power monitoring, increasing design and manufacturing efficiency in a variety of industries. Nuburu reminded Photonics attendees that they are invited to discuss the impact of Nuburu’s new BL series of compact blue-producing lasers with Nuburu representatives at Photonics West, booth #3086.
The advancement of the new light engine builds on NUBURU’s extensive application development for the AO and AI product lines. The entire NUBURU product line is designed to bring the fundamental physical, economic and performance advantages of blue industrial lasers to the fields of electrification (energy storage, electric vehicles) and 3C (computers, communications, consumer electronics).
Founded in 2015, NUBURU is a developer and manufacturer of industrial blue lasers that utilize fundamental physics and its high-brightness, high-power design to produce faster, Higher quality lasers for copper, gold, aluminum and other industrially important metals. NUBURU’s industrial blue lasers produce welds with few to no defects up to eight times faster than traditional methods—all with the inherent flexibility of laser processing.
to know more information NUBURU.net.
TWND is a blank check company with the intent to enter into a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. TWND seeks to leverage the decades of combined investment experience of its management team, board of directors and advisors, who are both technology entrepreneurs and technology-oriented investors with a shared vision of identifying and investing in technology companies.
to know more information https://twnd.tailwindacquisition.com/
consultants and other professionals
Cohen & Company, Loop Capital Markets LLC and Tigress Financial Partners, LLC acted as capital markets advisors to NUBURU and TWND. Morrison & Foerster LLP acted as legal advisor to Capital Markets Advisers. Willkie Farr & Gallagher LLP acted as legal counsel to TWND. Wilson Sonsini Goodrich & Rosati, PC acted as legal counsel to NUBURU. Blueshirt Capital Advisors acted as investor relations advisor to NUBURU. Withum Smith+Brown, PC acted as independent auditor for NUBURU.
This press release contains certain “forward-looking statements” within the meaning of the U.S. 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 projections and predict. All statements other than statements of historical fact 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,” “expects,” “intends,” “will,” “estimates,” “anticipates,” “believes,” “forecasts” ”, “plan”, “seek”, “goal”, “project”, “could”, “will”, “continue”, “forecast” or negative forms of these terms or variations thereof or similar expressions. All forward-looking 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. All forward-looking statements are based on estimates, projections and assumptions, although TWND and its management believe reasonable, but NUBURU and its management, as the case may be, are inherently uncertain and many factors could cause actual results to differ materially from current expectations including, but not limited to: (1) In the event of a business combination Ability to continue to meet stock exchange listing standards after completion; (2) Failure to meet expectations for its product development and pipeline; (3) Inability to obtain sufficient capital to operate as expected after business combination; (4) Announcement due to business combination (5) Unable to confirm the expected benefits of the business combination, which may be affected by factors such as competition, the ability of the combined company to achieve profitable growth and manage growth, maintain and Customer and supplier relationships and the ability to retain their management and key employees; (6) Changes in applicable laws or regulations; (7) NUBURU or the combined company may be adversely affected by other economic, business and/or competitive factors (8) the inability to obtain financing from Lincoln Park Capital; (9) the impact of the COVID-19 pandemic, including any mutations or variants thereof, and its impact on business and financial conditions; (10) geopolitical and economic factors (11) other risks set forth in the sections entitled “Risk Factors” and “Caution Regarding Forward-Looking Statements” in NUBURU’s Form S‑1 (File No. 333-248113), Quarterly Reports on Form 10-Q and Uncertainties for the Quarterly Period Ending September 30, 2022 and NUBURU’s Business Combination Proxy Statement/Prospectus to be filed with the Securities and Exchange Commission (“SEC”) on December 12, 2022 and filed with the SEC from time to time other documents. These documents identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in forward-looking statements. Nothing in this press release should be relied upon by any We believe that the forward-looking statements described herein will be achieved or that any anticipated results of 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 does not guarantee that it will achieve the expected fruit. 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 otherwise required by applicable securities laws.
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