ADDED
Unless the context requires otherwise, references to Nuburu, we, us, or our in this section are to the business and operations of Legacy Nuburu prior to the Business Combination and to Nuburu, Inc.
(the Company ) and its subsidiaries following the Business Combination.
During 2024, our focus was on developing and delivering high-power, high-brightness blue laser technology with a broad range of high value applications that included welding and 3D printing.
In 2024, we had approximately 220 granted and pending patents and patent applications globally, which included: blue laser applications such as welding, blue laser technologies, single mode blue laser technology, blue Raman laser technologies, addressable array technologies, and 3D printing using blue lasers.
We shipped blue laser systems for applications including EV batteries, medical device production, large screen displays, and cell phone components.
Following the Foreclosure, we have adjusted our laser business to focus on licensing certain intellectual property, as well as using retained intellectual property primarily for purposes of product development related to our new dual-use Defense and Security Platform, as described below.
On February 27, 2026, we effected a 1-for-4.99 reverse stock split of our Common Stock (the 2026 Reverse Stock Split ).
The 2026 Reverse Stock Split has been reflected retroactively to all Common Stock and per share amounts.
Our Transformation Plan In January 2025, we adopted a new business plan focused on building a stable foundation for the future business, including addressing outstanding payables, entering into joint development agreements, and investing in controlling interests in strategic targets (the Transformation Plan ).
In connection with the Transformation Plan, we agreed to certain governance changes, including the appointment of Alessandro Zamboni as our Executive Chairman and changes to our Board of Directors.
REMOVED
The number of shares of Registrant's Common Stock outstan ding as of April 11, 2025 was 48,833,664 shares.
001-39489) filed with the SEC on February 6, 2023; Legacy Nuburu are to Nuburu Subsidiary, Inc., a Delaware corporation (f/k/a Nuburu, Inc.
before the Closing Date); Public Warrants are to the 16,710,785 whole warrants of the Company sold to public investors in the Tailwind IPO (defined below); SEC is the Securities and Exchange Commission; Tailwind are to Tailwind Acquisition Corp, a Delaware corporation and our predecessor company prior to the consummation of the Transactions, which changed its name to Nuburu, Inc.
following the consummation of the Transactions, and its consolidated subsidiaries; Tailwind IPO are to the initial public offering by Tailwind which closed on September 9, 2020; and Transactions are to the Business Combination, together with the other transactions contemplated by the Business Combination Agreement and the related agreements.
Unless the context otherwise requires, all references in this section to Nuburu, the Company, we, us, our, and other similar terms refer to: (i) Legacy Nuburu and its subsidiaries prior to the Closing, and (ii) Nuburu, Inc., a Delaware corporation, and its consolidated subsidiary, Nuburu Subsidiary, Inc., after the Closing.
BUS INESS Unless the context requires otherwise, references to Nuburu, we, us, or our in this section are to the business and operations of Legacy Nuburu prior to the Business Combination and to the Company and its subsidiaries following the Business Combination.
Overview During the reporting period, our focus was on developing and delivering high-power, high-brightness blue laser technology with a broad range of high value applications that include welding and 3D printing, which is described in greater detail below.
During the second quarter of 2024, we announced that we intend to diversify our asset base by investing in other businesses that include potential synergies with our existing business.
As a result of the Foreclosure, we are adjusting our laser business to focus on licensing and joint development within specific verticals, as described below.
Also in the first quarter of 2025, we announced several acquisitions that are part of our previously announced strategy to diversify our assets and expand our business through acquisition, each of which is described in greater detail below.