Nuburu issues $1.3M convertible notes to Brick Lane, cancels 100K Series A Preferred shares

Nuburu, Inc.

Issued $1.05M note in exchange for cancellation of 100K Series A Preferred shares; conversion at lowest 5-day VWAP.
Issued $250K note for $250K cash infusion; same conversion pricing; matures June 2, 2026.
Conversion shares limited to 19.9% of outstanding common absent stockholder approval; Brick Lane capped at 9.9% beneficial ownership.
Notes subordinate to Series A Preferred for dividends and liquidation; company must register resale of conversion shares.

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