Nuburu, Inc. (BURU): debt financing — Nuburu issues $1.3M convertible notes to Brick Lane, cancels 100K Series A Preferred shares

Nuburu, Inc.

Issued $1.05M note in exchange for cancellation of 100K Series A Preferred shares; conversion at lowest 5-day VWAP.
Issued $250K note for $250K cash infusion; same conversion pricing; matures June 2, 2026.
Conversion shares limited to 19.9% of outstanding common absent stockholder approval; Brick Lane capped at 9.9% beneficial ownership.
Notes subordinate to Series A Preferred for dividends and liquidation; company must register resale of conversion shares.

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 $250,000 face amount with Brick Lane Capital Management Limited at no interest for so long as it is not in default maturing June 2, 2026.

Instrument: convertible notes
Principal: $250,000 face amount
Counterparty: Brick Lane Capital Management Limited
Rate: no interest for so long as it is not in default
Maturity: June 2, 2026
Event: incurrence

Exact text from the filing

the Company issued to Brick Lane a $250,000 face amount unsecured, convertible note. The note bears no interest for so long as it is not in default and has a June 2, 2026 maturity date

View on SEC.gov

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

Nuburu, Inc. incurred convertible notes of $1,050,000 face amount with Brick Lane Capital Management Limited at no interest for so long as it is not in default maturing April 17, 2026.

Instrument: convertible notes
Principal: $1,050,000 face amount
Counterparty: Brick Lane Capital Management Limited
Rate: no interest for so long as it is not in default
Maturity: April 17, 2026
Event: incurrence

Exact text from the filing

the Company issued to Brick Lane a $1,050,000 face amount unsecured, convertible note. The note bears no interest for so long as it is not in default and has an April 17, 2026 maturity date

View on SEC.gov

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

Nuburu, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-25-083843

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