secwatch.observer — SEC 8-K summary
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Issuer:     Nuburu, Inc. (BURU)
CIK:        0001814215
Form:       8-K
Filed at:   2025-03-10T23:59:59+00:00
Accession:  0000950170-25-035842
Event type: debt
Sentiment:  negative
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nuburu issues convertible notes for $1.5M cash, extinguishes $895K senior notes with Indigo Capital
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1814215/000095017025035842/0000950170-25-035842-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1814215/000095017025035842/buru-20250303.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-035842

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer