Blue Laser Fusion announces $34 million financing and reverse merger

Blue Laser Fusion said it completed a private placement yielding total proceeds of $34 million, including an initial closing of $25 million in private placement units. The financing closed alongside a business combination and reverse merger with Unite Acquisition 2 Corp.; the combined company operates as Blue Laser Fusion, Inc. The company plans to fund pulsed laser prototypes and field testing for directed-energy defense systems, alongside laser development for fusion energy. It also plans to expand optical fabrication and laser engineering and assembly capacity in Goleta, California. The defense work includes prototypes for counter-drone and missile-defense applications.