Nuburu, Inc. (BURU): debt financing — Nuburu enters $0.8M financing and faces NYSE delisting risk due to negative equity

Nuburu, Inc.

Issued three secured/convertible notes totaling ~$782K in capital (Agile $500K, Diagonal $188K, Boot $94K) with total face value ~$863K.
Diagonal and Boot notes convertible at 25% discount to lowest trading price, 10% interest, maturity Feb 2026.
Received NYSE American notice for non-compliance with $2M stockholders' equity rule; has negative equity and going concern.
Must submit compliance plan by May 29, 2025; compliance deadline Oct 29, 2026; trading symbol adds '.BC' designation.
Diagonal agreed to provide up to $2.275M additional tranches over next 12 months subject to further agreement.

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 $227,700 face amount convertible promissory note with 1800 Diagonal Lending LLC at 10% maturing February 28, 2026.

Instrument: convertible notes
Principal: $227,700 face amount convertible promissory note
Counterparty: 1800 Diagonal Lending LLC
Rate: 10%
Maturity: February 28, 2026
Event: incurrence

Exact text from the filing

The Company entered into a Securities Purchase Agreement with1800 Diagonal Lending LLC ("Diagonal"), dated as of May 13, 2025, pursuant to which, in exchange for a capital infusion of $188,000, the Company issued to Diagonal a $227,700 face amount convertible promissory note (the "Diagonal Note").

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

Nuburu, Inc. incurred convertible notes of $110,000 face amount convertible promissory note with Boot Capital LLC at 10% maturing February 28, 2026.

Instrument: convertible notes
Principal: $110,000 face amount convertible promissory note
Counterparty: Boot Capital LLC
Rate: 10%
Maturity: February 28, 2026
Event: incurrence

Exact text from the filing

The Company entered into a Securities Purchase Agreement with Boot Capital LLC ("Boot"), dated as of May 13, 2025, pursuant to which, in exchange for a capital infusion of $94,000, the Company issued to Boot a $110,000 face amount convertible promissory note (the "Boot Note" and collectively with the Agile Note and Diagonal Note, the "Notes").

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

Nuburu, Inc. incurred loan of $525,000 face amount secured promissory note with Agile Capital Funding, LLC maturing November 2025.

Instrument: loan
Principal: $525,000 face amount secured promissory note
Counterparty: Agile Capital Funding, LLC
Maturity: November 2025
Event: incurrence

Exact text from the filing

Nuburu, Inc. (the "Company") entered into a Business Loan and Security Agreement with Agile Capital Funding, LLC and its affiliates ("Agile"), dated as of May 12, 2025, pursuant to which, in exchange for a capital infusion of $500,000, the Company issued to Agile a $525,000 face amount secured promissory note (the "Agile Note").

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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 0000950170-25-073696

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