Nuburu, Inc.

Nuburu, Inc. develops and delivers high-power, high-brightness blue laser technology. The company was originally incorporated in Delaware 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, the company completed a business combination with Nuburu Subsidiary, Inc. (formerly Nuburu, Inc.), a privately held operating company, and changed its name to Nuburu, Inc. During 2024, Nuburu, Inc. focused on developing and delivering blue laser technology for high-value applications such as welding and 3D printing. In 2024, the company held approximately 220 granted and pending patents and patent applications globally. These patents covered areas including 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. The company 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, senior secured lenders initiated a foreclosure process on the company's patent portfolio due to a notice of default on outstanding secured indebtedness. 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.