As previously disclosed in a Current Report on Form 8-K filed by Nuburu, Inc. with the Securities and Exchange Commission on May 10, 2023, Dr. Ake Almgren notified the company on May 9, 2023 of his resignation as a member of the Board of Directors, effective as of May 19, 2023 (the “Resignation Date”). Dr. Almgren has been serving as a member of the Board's audit committee and nominating and corporate governance committee. Dr. Almgren resigned for personal reasons.

On May 15, 2023, in order to achieve an equal apportionment of membership among the three director classes of the Board, Ron Nicol tendered his resignation as a Class II director, effective upon the Board reappointing Mr. Nicol as a Class I director. On May 15, 2023, the Board reappointed Mr. Nicol as a Class I director effective as of the Resignation Date. Class I directors serve until the 2023 Annual Meeting of Stockholders and Class II directors serve until the 2024 Annual Meeting of Stockholders.

The resignation and reappointment of Mr. Nicol was effected solely for the purpose of achieving an equal apportionment of membership among the Board's three classes of directors, and for all other purposes, Mr. Nicol's service on the Board is deemed to have continued uninterrupted. Mr. Nicol will continue to serve as the chair of the Board and will continue to serve on the Board's audit committee and compensation committee. There are no changes or impacts to any of Mr. Nicol's compensation arrangements or equity awards as a result of his resignation as a Class II director and reappointment as a Class I director.