debt
confidence high
sentiment neutral
materiality 0.65
Nuburu issues $1.3M in convertible notes to Bomore for preferred shares and cash
Nuburu, Inc.
- Issued $1,050,000 convertible note to Bomore for transfer of 100,000 Series A Preferred shares.
- Issued $250,000 convertible note to Bomore for $250,000 cash capital infusion.
- Notes mature June 17, 2026, no interest unless default, convertible at lowest VWAP of prior 5 days.
- Conversion limited to 19.9% of outstanding common stock until stockholder approval; Bomore capped at 9.9% ownership.
- Notes subordinate to Series A Preferred on dividend and liquidation rights.
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