Nuburu, Inc. announced it has entered into a Pre-Funded Warrant Purchase Program with strategic investors to issue pre-funded warrants, up to a total purchase price to the Company equal to $15,000,000 on May 1, 2024. The exercise price for the pre-funded warrants is fully paid by the purchaser at closing and, as a result, such warrants may be exercised in the future without payment of additional exercise price. Investors will also receive a warrant to acquire the same number of shares covered by the pre-funded warrant for a purchase price equal to 150% of the relevant pre-funded warrant purchase price exercisable for a period of 5 years.