NUBURU (BURU) Registration filing summary

Company overview and business model

• Transitioned from industrial blue laser manufacturing to a dual-use defense, security, and critical-infrastructure technology platform, integrating directed-energy, electronic warfare, and software orchestration capabilities through subsidiaries, investments, and partnerships.

• Operates a modular, platform-based model with a focus on licensing, joint development, system integration, and asset-light manufacturing, retaining core non-patent IP and engineering know-how.

• Recent acquisitions include Lyocon (laser engineering), Orbit (operational resilience software), and strategic investments in Tekne (defense vehicles), SYME (inventory monetization), and SunCubes (laser-based wireless power transmission).

• Platform targets both military/government and civilian critical sectors, emphasizing operational resilience, supply-chain stability, and regulatory compliance.

Financial performance and metrics

• For the year ended December 31, 2025: net loss of $79.1 million, revenue of $152,127, and accumulated deficit of $200.5 million.

• For the three months ended March 31, 2026: net loss of $459,898, revenue of $407,644, and accumulated deficit of $200.9 million.

• Cash and cash equivalents as of March 31, 2026: $8.3 million, down from $24.7 million at year-end 2025.

• Company has not achieved profitability and expects continued operating losses and negative cash flows until full commercialization.

Use of proceeds and capital allocation

• Net proceeds from the offering (estimated at $35.5 million if fully subscribed) will be used for working capital, strategic investments, acquisitions, repayment of a $25 million debenture, and $1.25 million in convertible notes related to the Lyocon acquisition.

• Management has broad discretion in the application of proceeds, with a focus on executing the Transformation Plan and targeted transactions.

• Proceeds may be invested pending use, with no guarantee of favorable returns.