Nuburu enters $15M pre-funded warrant program; awarded $850K NASA Phase II contract for lunar power beaming

Nuburu, Inc.

Entered Pre-Funded Warrant Purchase Program with strategic investors; up to $15M total purchase price; investors receive warrants at 150% of pre-funded price.
Awarded $850K Phase II contract by NASA for blue laser power transmission technology for Lunar and Martian applications.
Phase II aims to scale power, range, performance; deliver hundreds of watts at kilometer-scale; extend to tens of km on lunar surface.
Contract builds on Phase I SBIR announced August 2023, which demonstrated technical feasibility of blue laser power beaming.
CEO Brian Knaley highlights potential terrestrial applications: remote power, disaster relief, and defense logistics.

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 Pre-Funded Warrant Purchase Program with strategic investors valued at $15 million (effective 2024-05-01).

Action: entry
Agreement: equity purchase
Counterparty: strategic investors
Value: $15 million
Effective: 2024-05-01

Exact text from the filing

Nuburu, Inc. (the “Company”) entered into a Pre-Funded Warrant Purchase Program (the “Program”), effective as of May 1, 2024, with strategic investors, pursuant to which from time-to-time the Company may sell and the investors may acquire pre-funded warrants, up to a total purchase price to the Company equal to $15 million.

View on SEC.gov

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

Nuburu, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-053232

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.