Nuburu faces second NYSE noncompliance notice; swaps Series A for warrants to 4.4M shares

Nuburu, Inc.

Received NYSE American notice on May 12, 2026 for stockholders' equity below $4M (Section 1003(a)(ii)); existing compliance plan continues through Oct 29, 2026.
Stockholders' deficit ~$15.2M as of Dec 31, 2025; historical net losses cited.
Entered Exchange Agreement with Indigo Capital to exchange up to 446,946 Series A Preferred shares for pre-funded warrants.
Initial closing: 71,430 Series A shares swapped for warrant exercisable for up to 4,398,399 common shares at $0.0001 exercise price.
Warrant price based on 30% discount to VWAP; 4.99% beneficial ownership cap; warrant expires May 11, 2029.

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