debt
confidence high
sentiment neutral
materiality 0.50
Nuburu issues $1.25M 8% debenture at 12% discount due Oct 2025
Nuburu, Inc.
- Principal amount $1,250,000; proceeds $1,100,000 (88% of par; 12% OID).
- Annual interest rate 8% while not in default; matures October 30, 2025.
- Subsidiary Nuburu Subsidiary Inc. guarantees all obligations under the debenture.
- Covenants restrict additional indebtedness and variable-rate transactions.
- Proceeds from May 30, 2025 Standby Equity Purchase Agreement must be used to repay.
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