Nuburu, Inc.

Nuburu, Inc. develops and delivers high-power, high-brightness blue laser technology. The company was originally incorporated on July 21, 2020, as Tailwind Acquisition Corp., a special purpose acquisition company. On September 9, 2020, it completed its initial public offering. On January 31, 2023, Tailwind Acquisition Corp. completed a business combination with Nuburu Subsidiary, Inc. (formerly Nuburu, Inc.), and subsequently changed its name to Nuburu, Inc. During 2024, Nuburu, Inc. focused on blue laser technology with applications in welding and 3D printing. The company held approximately 220 granted and pending patents and patent applications globally in 2024. These patents covered areas such as blue laser applications like welding, blue laser technologies, single mode blue laser technology, blue Raman laser technologies, addressable array technologies, and 3D printing using blue lasers. Nuburu, Inc. shipped blue laser systems for applications including EV batteries, medical device production, large screen displays, and cell phone components. In the fourth quarter of 2024, the company's senior secured lenders issued a notice of default on outstanding secured indebtedness and began a foreclosure process on the patent portfolio used as collateral. In the first quarter of 2025, the secured lenders completed the foreclosure sale, acquiring the patents in exchange for extinguishing the outstanding secured indebtedness. Nuburu, Inc. retained its non-patent intellectual property, including trade secrets and know-how.