secwatch.observer — SEC 8-K summary
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Issuer:     Nuburu, Inc. (BURU)
CIK:        0001814215
Form:       8-K
Filed at:   2023-06-13T23:59:59+00:00
Accession:  0000950170-23-027728
Event type: debt
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nuburu raises $7.925M via convertible notes + warrants from existing investors with 1-year lockup
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- Cash infusion of $7.925M from convertible promissory notes (7% interest, mature June 2026) and warrants to purchase up to 11.5M shares at $1.03.
- Conversion price of notes set at $0.688 per share; warrants have exercise price of $1.03 and expire June 2028.
- NYSE American granted exception from stockholder approval under Section 710(b); special committee of disinterested directors approved.
- Shares underlying the notes and warrants subject to a one-year lockup; registration statement expected after February 6, 2024.
- Investors include Wilson-Garling 2023 Family Trust, Eunomia LP, David Seldin, and Curtis N Maas Revocable Trust.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1814215/000095017023027728/0000950170-23-027728-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1814215/000095017023027728/buru-20230612.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-027728

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer