Nuburu shareholders approve reverse stock split (1:30-1:75) and $50M discounted placement

Nuburu, Inc.

Reverse split within 1-for-30 to 1-for-75 approved; board to set final ratio.
Issuance of up to $50M in non-public offerings at up to 30% discount approved.
Proposal 1: 20,859,604 for, 1,218,267 against, 5,187,545 abstain.
Proposal 2: 17,436,481 for, 1,057,182 against, 5,215,790 abstain, 3,555,963 broker non-votes.
Special meeting held Feb 22, 2024; record date Jan 22, 2024, with 36,894,323 shares entitled to vote.

Key facts

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Nuburu, Inc. shareholders approved Issuance of up to $50.0 million of securities in one or more non-public offerings at the 2024-02-22 meeting.

Outcome: passed
Meeting: 2024-02-22

Exact text from the filing

On February 22, 2024, Nuburu, Inc. ("Nuburu" or the "Company") held a Special Meeting of Stockholders (the "Special Meeting") virtually via live webcast.

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Nuburu, Inc. shareholders approved Amendment to Certificate of Incorporation to effect a reverse stock split within a range from 1-for-30 to 1-for-75 at the 2024-02-22 meeting.

Proposal: reverse split
Outcome: passed
Meeting: 2024-02-22

Exact text from the filing

On February 22, 2024, Nuburu, Inc. ("Nuburu" or the "Company") held a Special Meeting of Stockholders (the "Special Meeting") virtually via live webcast.

View on SEC.gov

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Nuburu, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-022147

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