secwatch.observer — SEC 8-K summary
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Issuer:     Nuburu, Inc. (BURU)
CIK:        0001814215
Form:       8-K
Filed at:   2025-07-01T23:59:59+00:00
Accession:  0000950170-25-092326
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nuburu issues $500K in convertible notes to Torcross, including $100K new capital
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1814215/000095017025092326/0000950170-25-092326-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1814215/000095017025092326/buru-20250625.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-092326

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer