NUBURU Secures Strategic $65 Million Funding Program to Accelerate Commercialization, Including $15 Million PIPE Investment & $50M Equity Line of Credit
Nuburu, Inc. (BURU)
Company Research
Source: Business Wire
CENTENNIAL, Colo.--(BUSINESS WIRE)--NUBURU, Inc. (“NUBURU” or the “Company”) (NYSE American: BURU), a leading innovator in high-power and high-brightness industrial blue laser technology, today announced a comprehensive funding program of approximately $65 million, including $15 million of direct investment and $50 million equity line of credit. This funding represents a pivotal moment for NUBURU, enabling us to accelerate commercialization with predictable access to capital.Investment Summary:On October 1, 2024, NUBURU, Inc. (the “Company”) entered into a master transaction terms agreement (the “Master Agreement”) with Liqueous LP, a Delaware limited partnership (the “Investor”) pursuant to which, the Company and the Investor established a strategic financing framework for short-term and long-term financing for the Company. The Master Agreement provides for: (i) an immediate capital infusion from the Investor of $3 million at current market price, (ii) subsequent weekly capital i
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News
- NUBURU Announces Cancellation of Special Proxy Statement [Yahoo! Finance]Yahoo! Finance
- NUBURU Announces Cancellation of Special Proxy StatementBusiness Wire
- NUBURU Announces Transition to New Equity Line of CreditBusiness Wire
- CORRECTION – Liqueous LP Announces $65 Million Financing Program in Nuburu Inc. (BURU), Highlighting Comprehensive Financing with Limited DilutionGlobeNewswire
- Liqueous LP Announces $65 Million Financing Program in Nuburu Inc. (BURU), Highlighting Comprehensive Financing with Limited Dilution [Yahoo! Finance]Yahoo! Finance