Nuburu restates FY2023 and interim 2024 financials due to material misstatements in debt accounting

Nuburu, Inc.

Two misstatements: debt issuance costs misclassified in G&A instead of interest expense, and accrued interest omitted from Senior Convertible Notes principal.
Previously issued FY2023 annual and Q1-Q3 2024 interim financials are no longer reliable; restated in 2024 10-K.
Net loss impact: FY2023 +$4K; Q1 2024 +$4.4K; Q2 2024 -$48.5K; Q3 2024 -$31.8K.
Material weakness in internal control over financial reporting identified; will be detailed in 2024 10-K.

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