Nuburu cancels $15M Brick Lane convertible note by returning 295,000 Heckler & Koch shares

Nuburu, Inc.

Company returns 295,000 ordinary shares of Heckler & Koch AG to Brick Lane Capital Management in exchange for cancellation of the $15,000,000 Subordinated Convertible Note dated Feb 6, 2026.
Side Letter with Esousa Group Holdings and other July 15, 2026 purchasers revises 'Black Scholes Value' in the July 17, 2026 pre-funded warrant for fundamental transactions.
Series B preferred holders agree to forfeit common shares they would receive if conversion price falls below $0.10; Side Letter imposes monthly penalties if registration deadlines are missed.
Both agreements are effective September 30, 2026; 8-K signed October 6, 2026 by Executive Chairman and Co-CEO Alessandro Zamboni.

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