other material
confidence high
sentiment negative
materiality 0.85
Nuburu noteholder delays asset sale to March 5; bids due Feb 28
Nuburu, Inc.
- Company previously in default on senior notes; notice of default and acceleration sent Dec 20, 2024.
- On Feb 14, 2025, noteholder representative delayed public sale of collateral securing notes to March 5, 2025 at 10:00 am ET.
- Bids for collateral must be submitted by Feb 28, 2025 at 5:00 pm ET; auction details from collateral agent counsel.