Nuburu, Inc. (BURU): auditor change — 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.

item 4.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

Nuburu, Inc. reported that prior financial statements should not be relied upon.

Action: non reliance

Exact text from the filing

The Board of Directors and management, upon the recommendation of the Audit Committee of the Board of Directors, concluded on April 11, 2025 that the Company’s previously issued financial statements as of and for the year ended December 31, 2023 and unaudited condensed consolidated financial statements as of and for each of the interim quarterly periods ended March 31, 2024, June 30, 2024 and September 30, 2024 should no longer be relied upon due to material misstatements

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Nuburu, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-25-054316

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