Nuburu, Inc. (BURU): debt financing — Nuburu issues convertible notes for $1.5M cash, extinguishes $895K senior notes with Indigo Capital

Nuburu, Inc.

Issued $1,578,495 face amount convertible note to Indigo Capital for $1,500,000 cash; no interest, matures March 1, 2026.
Conversion price is 20% discount to lowest VWAP in 5 days prior to conversion.
Issued $894,708.31 face amount note to extinguish existing senior notes; conversion at 33.33% of lowest VWAP.
Conversion limited to 19.9% of outstanding common stock until stockholder approval.
Company obligated to register shares issuable upon conversion.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Nuburu, Inc. incurred convertible notes of $1,578,495 face amount with Indigo Capital LLC at bears no interest for so long as it is not in default maturing March 1, 2026.

Instrument: convertible notes
Principal: $1,578,495 face amount
Counterparty: Indigo Capital LLC
Rate: bears no interest for so long as it is not in default
Maturity: March 1, 2026
Event: incurrence

Exact text from the filing

in exchange for a capital infusion of $1,500,000, the Company issued to Indigo Capital LLC ("Indigo Capital") a $1,578,495 face amount unsecured, convertible note.

View on SEC.gov

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Nuburu, Inc. incurred convertible notes of $894,708.31 face amount with Indigo Capital LLC at bears no interest for so long as it is not in default maturing March 1, 2026.

Instrument: convertible notes
Principal: $894,708.31 face amount
Counterparty: Indigo Capital LLC
Rate: bears no interest for so long as it is not in default
Maturity: March 1, 2026
Event: incurrence

Exact text from the filing

in exchange for the extinguishment of existing senior convertible notes of the Company held by Indigo Capital, the Company issued to Indigo Capital a $894,708.31 face amount unsecured, convertible note that bears no interest for so long as it is not in default, and has March 1, 2026 maturity date

View on SEC.gov

26 debt financings filed in the last 30 days. Browse all debt financings →

Nuburu, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-25-035842

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