Nuburu, Inc. repaid approximately $16.75 million in principal obligations within days of closing its $38.0 million public offering, eliminating all monthly amortization requirements and simplifying its capital structure. The company used the proceeds to fully retire the approximately $15.5 million remaining principal of its December 2025 debenture and the entire $1.25 million aggregate principal of subordinated convertible notes issued for the Lyocon S.r.l. acquisition. No principal remains outstanding under either instrument, removing the requirement to apply equity-line proceeds to debt service and freeing capital for growth.

The debt repayment marks the first major use-of-proceeds milestone following the offering, which consisted of 244,372,984 shares of common stock and/or pre-funded warrants at a combined public offering price of $0.1555 per share. Nuburu intends to deploy the remaining net proceeds to satisfy the financial-assurance requirements associated with the Italian Government Golden Power review. This funding is necessary to advance the proposed acquisition of a 70% controlling interest in Tekne S.p.A., subject to Golden Power clearance and other closing conditions, and to support the execution of its integrated Defense & Security platform.

"Completing these repayments within days of our financing demonstrates disciplined execution against the commitments we made to investors," said Alessandro Zamboni, Executive Chairman and Co-CEO of Nuburu. "We have repaid approximately $16.75 million of principal obligations, eliminated the debenture’s recurring amortization burden and decisively simplified our capital structure."

Dario Barisoni, Co-CEO of Nuburu and CEO of Nuburu Defense LLC, said the company will continue progressing the Golden Power process and accelerating the integration of software, photonics, electronic warfare and CEMA, defense mobility and advanced manufacturing capabilities.

Planned Use of Proceeds

Nuburu’s common stock continues to be publicly quoted on the OTC Pink market under the symbol BURU, providing uninterrupted secondary-market access while trading on NYSE American remains suspended. The company intends to submit a timely request for review of the NYSE Regulation staff determination to address the low-price deficiency and regain compliance. Nuburu is a next-generation dual-use Defense & Security integrated platform company delivering software-orchestrated, hardware-enabled capabilities for defense and security, critical-infrastructure, and digital-resilience markets.

NYSE American LLC has determined to commence proceedings to delist the common stock of Nuburu, Inc. from the exchange due to the low selling price of the security. Trading in the company's common stock was suspended immediately following the decision by NYSE Regulation. The exchange determined that Nuburu is no longer suitable for listing pursuant to Section 1003(f)(v) of the NYSE American Company Guide.

Nuburu has the right to request a review of the staff's determination by the Listings Qualifications Panel of the Committee for Review of the Board of Directors of the Exchange. Upon completion of all applicable procedures, including any potential appeal by the company, NYSE American will apply to the Securities and Exchange Commission to delist the common shares.

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