secwatch.observer — SEC 8-K summary
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Issuer:     Nuburu, Inc. (BURU)
CIK:        0001814215
Form:       8-K
Filed at:   2023-06-29T23:59:59+00:00
Accession:  0000950170-23-030540
Event type: debt
Sentiment:  positive
Materiality: 0.75
Item codes: 2.03, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nuburu raises additional $1.3M via convertible notes and warrants, total $9.2M in June capital
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- Aggregate principal of $1.3M in convertible notes bearing 7% interest, due June 23, 2026.
- Warrants to purchase up to 1,889,535 shares at $1.03, expiring June 23, 2028.
- Conversion price set at $0.688; upon a sale event, premium of 150% of principal is payable.
- Issued to investors including David Seldin (Anzu) and CST Global (affiliate of David Michael); one-year lock-up on underlying shares.
- Proceeds used for general corporate purposes to fund commercialization.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1814215/000095017023030540/0000950170-23-030540-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1814215/000095017023030540/buru-20230623.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-030540

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