secwatch.observer — SEC 8-K summary
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Issuer:     Nuburu, Inc. (BURU)
CIK:        0001814215
Form:       8-K
Filed at:   2025-07-31T23:59:59+00:00
Accession:  0000950170-25-101000
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nuburu settles $5.66M debt with Silverback via 3(a)(10) stock issuance at $0.3070/share
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- Court-approved settlement exchanges at least $5,662,478.57 of claims for common stock at July 17 closing price of $0.3070; price may drop to 75% of 15-day low.
- Silverback cannot hold more than 4.99% of Nuburu's outstanding common stock at any time.
- Nuburu also issues 400,000 shares as a settlement fee; shares are freely tradable under Section 3(a)(10).
- Company had ~68.96M shares outstanding as of June 23, 2025; reserve of 47M shares initially set for this settlement.
- Transaction approved by Florida circuit court on July 30 after fairness hearing; shares exempt from SEC registration.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1814215/000095017025101000/0000950170-25-101000-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1814215/000095017025101000/buru-20250730.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-101000

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