4//SEC Filing
Garling Jill 4
Accession 0000899243-23-016411
CIK 0001814215other
Filed
Jun 22, 8:00 PM ET
Accepted
Jun 23, 5:32 PM ET
Size
10.4 KB
Accession
0000899243-23-016411
Insider Transaction Report
Form 4
Nuburu, Inc.BURU
Garling Jill
10% Owner
Transactions
- Purchase
Warrant (right to buy)
2023-06-23+4,360,465→ 7,267,442 total(indirect: See Footnote)Exercise: $1.03From: 2023-12-23Exp: 2028-06-23→ Common Stock (4,360,465 underlying) - Purchase
7% Convertible Promissory Note due 2026
2023-06-23$3000000.00/sh→ 7,267,442 total(indirect: See Footnote)Exercise: $0.69From: 2023-06-24Exp: 2026-06-23→ Common Stock (4,360,465 underlying)
Footnotes (4)
- [F1]The 7% convertible promissory note with an aggregate principal amount of $3,000,000 ("Note") was issued on June 23, 2023 pursuant to that certain Note and Warrant Purchase Agreement, dated as of June 12, 2023, by and among Nuburu, Inc. (the "Issuer") and the investors listed on Schedule I thereto (the "Purchase Agreement"). The Note and any accrued interest thereon are convertible at the option of the holder at any time following June 23, 2023 prior to repayment of the Note into shares of the Issuer's common stock at a conversion price of $0.688 (subject to adjustment pursuant to the terms of the Note). Interest accrues on the unpaid principal amount at a rate equal to 7% per annum, but it is not due and payable until the maturity date. All unpaid principal, together with any then unpaid and accrued interest and other amounts payable under the Note, will be due and payable on the earlier of (i) June 23, 2026, or (ii) following the occurrence of an event of default.
- [F2]The securities are held directly by held by the Wilson-Garling 2023 Family Trust, of which Jill Garling is the trustee. As trustee, Ms. Garling exercises voting and investment control over these securities. Ms. Garling also exercises voting and investment control over the securities held by Wilson-Garling 2020 Family Trust uad 9/20/20, of which she is also trustee, and Ms. Garling may also be deemed to have voting and dispositive control over the securities held by W-G Investments LLC, of which she is a member and her spouse is the sole manager.
- [F3]Subject to adjustment pursuant to the terms of the warrant to purchase shares of the Issuer's common stock, par value $0.0001 per share (the "Warrant") issued on June 23, 2023 pursuant to the Purchase Agreement.
- [F4]The Warrant was issued pursuant to the Purchase Agreement in connection with the purchase of the Note as partial consideration for the Note.
Documents
Issuer
Nuburu, Inc.
CIK 0001814215
Entity typeother
Related Parties
1- filerCIK 0001960201
Filing Metadata
- Form type
- 4
- Filed
- Jun 22, 8:00 PM ET
- Accepted
- Jun 23, 5:32 PM ET
- Size
- 10.4 KB