Nuburu, Inc. (BURU): debt financing — 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.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Nuburu, Inc. incurred convertible notes of $2,108,523.16 face amount with Indigo Capital LLC at no interest for so long as it is not in default maturing April 21, 2026.

Instrument: convertible notes
Principal: $2,108,523.16 face amount
Counterparty: Indigo Capital LLC
Rate: no interest for so long as it is not in default
Maturity: April 21, 2026
Event: incurrence

Exact text from the filing

in exchange for the extinguishment of an existing unsecured promissory note of the Company with a $2,003,097 face amount, the Company issued to Indigo Capital a $2,108,523.16 face amount unsecured, convertible note that bears no interest for so long as it is not in default, and has an April 21, 2026 maturity date and a conversion price equal to the lowest VWAP during the 5 days prior to the conversion date

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Nuburu, Inc. incurred convertible notes of $1,421,053 face amount with Indigo Capital LLC at no interest for so long as it is not in default maturing April 21, 2026.

Instrument: convertible notes
Principal: $1,421,053 face amount
Counterparty: Indigo Capital LLC
Rate: no interest for so long as it is not in default
Maturity: April 21, 2026
Event: incurrence

Exact text from the filing

in exchange for a capital infusion of $1,350,000, the Company issued to Indigo Capital LLC (“Indigo Capital”) a $1,421,053 face amount unsecured, convertible note. The note bears no interest for so long as it is not in default and has an April 21, 2026 maturity date and a conversion price equal to the lowest VWAP during the 5 days prior to the conversion date

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26 debt financings filed in the last 30 days. Browse all debt financings →

Nuburu, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-25-059398

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