Nuburu issues $3.53M in convertible notes to Indigo Capital for cash and refinancing

Nuburu, Inc.

Issued $1.42M face convertible note to Indigo Capital for $1.35M cash infusion; no interest, matures Apr 2026.
Issued $2.11M face convertible note to extinguish $2.00M existing note; no interest, matures Apr 2026.
Conversion price equals lowest 5-day VWAP; shares limited to 19.9% of outstanding until stockholder approval.
Notes subordinate to Series A Preferred; company must register resale of conversion shares.
Transaction closed Apr 22, 2025; notes are direct financial obligations.

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