NUBURU (BURU) Proxy Filing summary

Executive summary

• Special Meeting scheduled for September 27, 2024, to address key capital-raising and governance proposals.

• Proposals include approval for convertible note conversions, non-public offerings, and potential adjournment to solicit more votes.

• Board unanimously recommends voting in favor of all proposals.

Voting matters and shareholder proposals

• Proposal 1: Approve issuance of common stock exceeding 19.99% of outstanding shares on conversion of certain convertible notes, as required by NYSE American rules.

• Proposal 2: Approve issuance of up to $35 million in securities in one or more non-public offerings, with discounts up to 30% below market price.

• Proposal 3: Approve adjournment of the meeting if necessary to solicit additional proxies or establish a quorum.

• Board recommends a vote "FOR" all proposals.

Board of directors and corporate governance

• CEO Brian Knaley designated as proxy holder for the meeting.

• Board responsible for proxy solicitation; no additional compensation for directors or officers assisting.

• Board has authority to determine terms of future offerings within approved limits.