Tailwind Acquisition Corp. (NYSE:TWND) announced this afternoon that it has closed its combination with laser technology firm NUBURU.
The SPAC’s shareholders approved the deal at a special meeting held in December 2022, but did not provide a closing date at that time.
The combined company will operate under the “Nuburu, Inc.” name and its common stock and warrants will commence trading tomorrow, February 1, on the NYSE under the new ticker symbols “BURU” and “BURU WS”, respectively.
Tailwind announced its business combination with NUBURU on August 8, 2022 at a pre-money enterprise valuation of $350 million. This deal with Nuburu was inked about a year after Tailwind’s first announced deal with cloud software firm Qomplx was terminated due to unfavorable market conditions.
Centennial, Colorado-based NUBURU makes precision lasers using patented blue light technology for the precision manufacturing space.
ADVISORS
- Loop Capital Markets LLC is serving as capital markets advisors to NUBURU and TWND.
- Tigress Financial Partners LLC are serving as capital markets advisors to NUBURU and TWND.
- Morrison Foerster is serving as legal counsel to both capital markets advisors.
- Willkie Farr & Gallagher LLP is serving as legal advisor to TWND.
- Wilson Sonsini Goodrich & Rosati, PC is serving as legal advisor to NUBURU.
- Blueshirt Capital Advisors is serving as investor relations advisor to NUBURU.
- Withum Smith+Brown, PC is serving as the independent auditor for NUBURU.
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