NUBURU Expects Stockholders' Equity to Exceed $4 Million

NUBURU announced that, based on preliminary, unaudited accounting data as of May 31, the Company expects its stockholders' equity to materially exceed the $4M stockholders' equity requirement applicable under the NYSE American continued-listing rules for companies with a history of losses. As previously announced, on May 12, NUBURU received a notice from NYSE American that it was not in compliance with Section 1003(a)(ii) of the NYSE American Company Guide, which requires stockholders' equity of at least $4M for a company with a history of losses. NYSE American did not require a new compliance plan, and NUBURU continues to operate under its previously announced plan through October 29. Based on its preliminary May 31 review, NUBURU believes its stockholders' equity materially exceeds the applicable NYSE American requirement. However, NUBURU has not yet received notice from NYSE American that it has regained compliance. The Company's securities remain subject to the existing compliance plan and the '.BC' designation, and the determination of compliance rests solely with NYSE American following its review of the Company's final financial information and continued progress under the plan.