Nuburu raises $3M in private placement at $0.125/share; secures initial orders for blue lasers in EV battery market.

Nuburu, Inc.

Issued $3M of common stock at $0.125/share to accredited investors; warrants for 100% additional shares at $0.1625, 5-year term.
Investors get right to nominate two of seven board directors.
Received initial purchase order for BL-300 laser systems from an Asian battery manufacturer for EV battery module welding.
Special meeting called to approve name change, Series A Preferred amendment, and authorization to issue >20% shares for acquisitions.
Alessandro Zamboni (AvantGarde Group) leads strategic investment.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Nuburu, Inc. entered into Securities Purchase Agreement with certain accredited investors named therein valued at $3,000,000 (effective 2024-04-03).

Action: entry
Agreement: equity purchase
Counterparty: certain accredited investors named therein
Value: $3,000,000
Effective: 2024-04-03

Exact text from the filing

On April 3, 2024, Nuburu, Inc. (“Nuburu” or the “Company”) entered into a Securities Purchase Agreement (the “SPA”) with certain accredited investors named therein (the “Investors”) pursuant to which the Investors agreed to purchase from the Company $3,000,000 of newly issued shares (the “Shares”) of the Company’s common stock

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419 material agreements filed in the last 30 days. Browse all material agreements →

Nuburu, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-041631

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