secwatch.observer — SEC 8-K summary
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Issuer:     Nuburu, Inc. (BURU)
CIK:        0001814215
Form:       8-K
Filed at:   2025-09-08T23:59:59+00:00
Accession:  0000950170-25-113607
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nuburu issues $125K convertible note to Brick Lane Capital Management
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1814215/000095017025113607/0000950170-25-113607-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1814215/000095017025113607/buru-20250902.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-113607

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