Dear Investors,

October was a big month for Lume. We received a term sheet for a priced round from a VC, but we ultimately didn’t move forward, as it wasn’t in the best long-term interests of Lume

We have now opened up a SAFE, with $300K wired and an additional $700K soft-circled to enable us to hit some key milestones by Q1 next year. If you or someone in your network would like to consider joining this SAFE, please reach out for more details.

Also, moving forward, we’ll be sharing quarterly investor updates instead of monthly to keep these high value for all of you in our investor community.

We’re excited about our next milestones we’ll achieve over the next few months as we get closer, as always, grateful for your support on the journey.

V&J

KPIS:

• **Team Wellbeing: 7.4** (-0.4)
• Customer Metrics:  (+25%), 1569 Total Downloads of the LumeApp (+20%)
• Waitlist:  3381 (+285) + 60% conversion to Paid waitlist

💰 Financial Update

Projected Runway until: April 2026

November 2025:

• Projected Burn Rate**:** $35,305
• Actual Burn Rate: $45,073 ($9,678 over, tax adjustments + prototype costs )

December 2025: Projected Burn $42,336