secwatch.observer — SEC 8-K summary
======================================

Issuer:     Nuburu, Inc. (BURU)
CIK:        0001814215
Form:       8-K
Filed at:   2025-07-22T23:59:59+00:00
Accession:  0000950170-25-097608
Event type: debt
Sentiment:  negative
Materiality: 0.50
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nuburu raises $307K via two convertible notes with dilutive terms
-----------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1814215/000095017025097608/0000950170-25-097608-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1814215/000095017025097608/buru-20250716.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-097608

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