debt
confidence high
sentiment neutral
materiality 0.40
Nuburu issues $125K convertible note to Brick Lane Capital Management
Nuburu, Inc.
- Note: $125,000 principal, no interest, matures September 2, 2026.
- Conversion price is 70% of the lowest VWAP during the 5 days before conversion.
- Stock issuance capped at 19.9% of outstanding common until stockholder approval.
- Brick Lane cannot hold more than 9.9% of outstanding common stock at any time.
- Note is subordinate to Series A Preferred in dividend and liquidation rights.
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