Nuburu to restate Q1 2025 financials due to convertible note fair value errors

Nuburu, Inc.

Management concluded previously issued unaudited Q1 2025 financial statements should no longer be relied upon.
Errors involve inappropriate fair value assumptions for certain convertible notes, affecting non-cash accounts.
Restatement will correct understated additional paid-in capital and non-operating expenses.
Company cites a material weakness in internal control over financial reporting as root cause.
Audit Committee discussed restatement with independent registered public accounting firm.

item 4.02

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