Insolvent fraud Nuburu – desperate ramping by Alessandro Zamboni

Alessandro Zamboni has had to resort to desperate ramping to try and prop up the insolvent fraud Nuburu (US:BURU) share price and permit shares to be sold via death spirals to pay off debt liabilities. His latest press release is below:|

Dear Shareholders,

Over the past several weeks, NUBURU has made significant progress in advancing our “transformation agenda”. One of the most important next steps in that process is the establishment of a capital foundation to drive that transformation. Coming news from the Company will provide plenty of context for that remark.

Simply put, take it as an unambiguous sign that we are fully committed to delivering on the milestones we have communicated over the past 6 months.

The foundation of our Defense & Security Hub is taking shape. This includes not only our core laser technology but also the integration of Tekne’s advanced defense and control platform and innovative software solutions aimed at digitalizing the operational resilience capabilities of any mission critical business. Together, these elements are designed to create a powerful ecosystem capable of addressing emerging defense and security needs across multiple markets.

We are particularly excited about the newly formed 80/20 U.S. joint venture between NUBURU (via Nuburu Defense, LLC) and Tekne S.p.A. (“Tekne”). This venture provides us with a strong platform to serve both the Americas, APAC and NATO countries, leveraging Tekne’s $7.5 million in existing non-Italian orders and its expanding pipeline. As announced by Tekne on October 24, the strategic alliance with Flyer Defense will further enhance our U.S. JV’s ability to deliver high-mobility defense solutions, beginning with the Flyer 72-HD vehicle. We believe this combination of proven demand, pipeline strength, and strategic partnerships positions the joint venture for meaningful near-term impact.

Looking ahead, our financing strategy will continue to prioritize stability and alignment. We favor deliberate steps to expand our access to long-term, supportive capital. Our intent is to work with stable investors who share our vision and who are aligned with the interests of our loyal shareholder base. We will avoid financing structures that undermine shareholder value and instead focus on transactions that directly support the growth of our Defense & Security Hub and allow us to evaluate opportunistic acquisitions in blue-laser and defense technology.

In short, we are executing the plan we laid out and steadily building the foundation for sustained value creation. The months ahead will bring critical milestones, and we are confident that the trajectory we are on will strengthen NUBURU’s position as a leading player in defense technology innovation.

We will have more news over coming days that should add clarity and credibility to the path we have outlined toward the establishment of a state-of-the-art Defense & Security Hub. Until then, we thank you for your continued support and commitment as we move forward together.

Sincerely,

Alessandro Zamboni
Executive Chairman
NUBURU, Inc.
Ends

So, it’s basically a Press Release announcing news is due shortly. Its straight out of the Alessandro Zamboni playbook he repeatedly used at Supply@Me Capital (SYME) and Reg Tech Open Project (RTOP) to enable financing companies to offload shares. Nuburu shares were up only 5% on the announcement but, at least, it has stopped the share price falling. For now.

Meanwhile Nuburu had to resort to another convertible loan note to obtain some cash as follows:

“On September 2, 2025, Nuburu, Inc. (the “Company”), in exchange for a capital infusion of $125,000, issued to Brick Lane Capital Management Limited (“Brick Lane”) a $125,000 face amount unsecured, convertible note (the “Brick Lane Note”). The note bears no interest for so long as it is not in default and has a September 2, 2026 maturity date and a conversion price equal to 70% of the lowest VWAP during the 5 days prior to the conversion date.”

Despite issuing the latest convertible loan note just a week earlier, Alessandro Zamboni now states “We will avoid financing structures that undermine shareholder value”.

I note Nuburu submitted an S1 to let death spiral spivs Yorkville sell 30 million shares to the SEC for the approval dated 29 August 2025 but this hasn’t been approved yet. The Yorkville SEPA has both a put option permitting Nuburu to issue shares but it also has a forward option which I suspect is designed to enable Yorkville to lock in a guaranteed profit on every sale.

By Friday Nuburu is due to pay Supply $2million. It would be highly embarrassing if Nuburu fail to pay on time again having only restructured the loan on 1 September after missing the previous restructured deadline. The clock is ticking.