On December 31, 2025, an entity owned by Mr. Zamboni, Vanguard Holdings S.r.l., acquired 4,332,525 shares of Nuburu common stock. These shares were obtained at a price of $0.3453 per share, totaling $1,496,020. This acquisition resulted from the conversion of two convertible promissory notes, amounting to $545,000 and $900,000 respectively, plus outstanding interest. The conversion occurred at a price reflecting a 33.33% discount to the lowest daily volume weighted average price during the five days prior to the conversion date.
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