Nuburu acquires software firm Orbit for $12.5M from Chairman; $5M equity also invested

Nuburu, Inc.

Nuburu Defense to acquire Orbit from Vanguard (owned by Executive Chairman Zamboni) for $3.75M cash + $8.75M preferred shares.
Nuburu to invest up to $5M equity in Orbit; $1.5M paid at LOI signing, giving 10.7% stake.
Advance payment of $3.75M satisfied via offset of $1.35M credit and $2.4M cash paid in tranches.
Issuance of preferred shares (5:1 voting, convertible 1:1) requires stockholder approval by July 2026; closing target Dec 31, 2026.
Company gets exclusive 36-month right to market Orbit's platform to global security sector.

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