Nuburu, Inc. (BURU): debt financing — Nuburu raises $307K via two convertible notes with dilutive terms

Nuburu, Inc.

Issued $150,000 unsecured convertible note to Indigo Capital LP on July 16, 2025, bearing no interest, maturing July 15, 2026.
Issued $172,700 face amount convertible note to 1800 Diagonal Lending on July 21, 2025, at 10% interest, maturing April 30, 2026 (capital infusion $157,000).
Conversion prices: Indigo at 80% of lowest 5-day VWAP; Diagonal at 25% discount to lowest 10-day trading price.
Conversion limited to 19.9% of outstanding common stock until stockholder approval; ownership caps of 9.9% (Indigo) and 4.99% (Diagonal).
Notes subordinated to Series A Preferred stock in dividend and liquidation rights.

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 $172,700 face amount with 1800 Diagonal Lending LLC at bears interest at 10% maturing April 30, 2026.

Instrument: convertible notes
Principal: $172,700 face amount
Counterparty: 1800 Diagonal Lending LLC
Rate: bears interest at 10%
Maturity: April 30, 2026
Event: incurrence

Exact text from the filing

On July 21, 2025, the Company entered into a Securities Purchase Agreement with 1800 Diagonal Lending LLC (“Diagonal”), pursuant to which, in exchange for a capital infusion of $157,000, the Company issued to Diagonal a $172,700 face amount convertible promissory note (the “Diagonal Note”).

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

Nuburu, Inc. incurred convertible notes of $150,000 face amount with Indigo Capital LP at bears no interest for so long as it is not in default maturing July 15, 2026.

Instrument: convertible notes
Principal: $150,000 face amount
Counterparty: Indigo Capital LP
Rate: bears no interest for so long as it is not in default
Maturity: July 15, 2026
Event: incurrence

Exact text from the filing

On July 16, 2025, Nuburu, Inc. (the “Company”), in exchange for a capital infusion of $150,000, issued to Indigo Capital LP (“Indigo”) a $150,000 face amount unsecured, convertible note (the “Indigo Note”).

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

Nuburu, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-25-097608

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