Nuburu (BURU) Stock Jumps Over 47% After Hours: What's Driving the Surge

Nuburu Inc. (NYSEAMERICAN: BURU) shares surged 47.5% to $1.77 in after-hours trading after the company canceled a $15 million convertible note linked to Heckler & Koch AG shares. This cancellation, which involves returning 295,000 shares to Brick Lane Capital Management, alleviates a significant liability and prevents potential dilution. Despite this surge, Nuburu's stock has fallen 98.73% over the past year and is trading near its 52-week low.