other material
confidence high
sentiment neutral
materiality 0.75
Nuburu enters up to $5.15M convertible facility with SYME; issues 9.9M shares for services and escrow
Nuburu, Inc.
- Up to $5.15M convertible funding facility with Supply@ME Capital (SYME); maturity June 30, 2026, interest at Fed funds rate +10%.
- Conversion price fixed at £0.00003 per SYME share with warrants; approvals needed by Sept 30, 2025, else repayment with IP/receivables security.
- Executive Chairman Alessandro Zamboni is also CEO of SYME, creating a related-party transaction.
- Issued 2.83M shares to COEPTIS (COEP) for AI services, 1M to Phoenix MGMT for IR, and 6.09M to SFE for escrowing ~$4.2M to guarantee TCEI acquisition.
- All share issuances limited to 19.9% of outstanding until stockholder approval; company must register for resale.