debt
confidence high
sentiment neutral
materiality 0.75
Nuburu completes $25M debenture and warrant financing with YA II PN, LTD
Nuburu, Inc.
- Issued $25M debenture and warrants exercisable for 230M shares at prices from $0.01 to $0.47.
- Net proceeds of ~$21.85M to support business plans and working capital.
- First debenture installment due 91 days after issuance; stockholder approval required for warrant shares exceeding 19.99% of outstanding.
- Company may require cash exercise of Series 2-4 warrants if stock price is 150%+ of exercise price for 30 consecutive days.
- Registration rights agreement filed to register warrant shares for public resale.