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0.00133511348464605 0.00133511348464605 0.0106809078771695 0.00534045393858475 0.0126835781041388 0.00934579439252326 0.021361815754339 0.0133511348464618
Stock impact report

NUBURU, Inc. Completes First Tranche of Preferred Equity Restructuring, Eliminating Approximately $8.4 Million of Series A Preferred Liabilities

Nuburu, Inc. (BURU) 
Company Research Source: Business Wire
Preferred Equity Restructuring Eliminates Approximately 40% of Series A Preferred Liabilities Without Cash Redemption DENVER--(BUSINESS WIRE)--NUBURU, Inc. (NYSE American: BURU), a developer of high-performance blue laser technology and an emerging defense and security technology platform, today announced the completion of the first tranche of a preferred equity restructuring transaction that materially simplifies its capital structure and reduces legacy balance-sheet overhang.The completed first tranche resulted in the restructuring and effective elimination of approximately $8.4 million of Series A Convertible Preferred Stock liabilities, representing approximately 844,938 shares of Series A Preferred Stock, and approximately 40% of the Company’s outstanding Series A Preferred liabilities, without any cash redemption by the Company.Transaction Overview – First TrancheUnder the transaction, a third-party investor acquired 844,938 shares of the Company’s Series A Convertible Prefer Show less Read more
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