Nuburu settles $5.66M liabilities with stock; court approves Section 3(a)(10) exemption

Nuburu, Inc.

Court-approved settlement of $5.66M claims with Silverback Capital via unrestricted stock issuance under Section 3(a)(10).
Initial issuance and up to 400K fee shares; price based on 15-day VWAP; ownership capped at 4.99%.
Company issued $225K convertible note to Indigo Capital, zero interest, maturity Aug 17, 2026, conversion at 80% of lowest 5-day VWAP.
Reserve of 47M shares for settlement; issuance subject to NYSE listing approval.
Default triggers include stock price below $0.15 or 30-day average volume below 1M shares.

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