Highbridge Capital Management Reports New 9.9% Stake in Nuburu, Inc. via Warrants

On May 15, 2026, Highbridge Capital Management, LLC filed a Schedule 13G reporting a new 9.9% stake in Nuburu, Inc. (BURU). The reporting person disclosed beneficial ownership of 34,919,466 shares of common stock, which are issuable upon the exercise of warrants held by Highbridge Funds, including the Highbridge Tactical Credit Master Fund, L.P. The filing specifies that the reported ownership percentage is subject to a 9.99% blocker provision, which prevents the exercise of warrants if it would result in beneficial ownership exceeding that threshold. While the reported aggregate amount of 34,919,466 shares represents the total potential shares from full warrant exercise, the actual exercisable amount at this time is limited by the blocker. The calculation is based on 154,588,426 shares outstanding as of March 26, 2026. Highbridge serves as the investment adviser to the funds holding these securities and certified that the acquisition was made in the ordinary course of business without the intent to influence control of the issuer.