Nuburu, Inc. (BURU): debt financing — Nuburu issues $500K in convertible notes to Torcross, including $100K new capital

Nuburu, Inc.

Issued $400K face unsecured convertible note in exchange for 40,000 shares of Series A Preferred stock.
Issued $100K face unsecured convertible note for $100K cash infusion; both notes mature June 24, 2026.
Notes bear no interest unless in default; convertible at 80% of lowest 5-day VWAP prior to conversion.
Conversion limited to 19.9% of outstanding common stock unless stockholder approved; Torcross capped at 9.9% ownership.
Notes subordinated to Series A Preferred on dividends and liquidation.

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 $400,000 face amount with Torcross Capital LLC at bears no interest for so long as it is not in default maturing June 24, 2026.

Instrument: convertible notes
Principal: $400,000 face amount
Counterparty: Torcross Capital LLC
Rate: bears no interest for so long as it is not in default
Maturity: June 24, 2026
Event: incurrence

Exact text from the filing

the Company issued to Torcross a $400,000 face amount unsecured, convertible note. The note bears no interest for so long as it is not in default and has a June 24, 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 $100,000 face amount with Torcross Capital LLC at bears no interest for so long as it is not in default maturing June 24, 2026.

Instrument: convertible notes
Principal: $100,000 face amount
Counterparty: Torcross Capital LLC
Rate: bears no interest for so long as it is not in default
Maturity: June 24, 2026
Event: incurrence

Exact text from the filing

the Company issued to Torcross a $100,000 face amount unsecured, convertible note. The note bears no interest for so long as it is not in default and has a June 24, 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 0000950170-25-092326

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