4//SEC Filing
Nicol Ronald Lee 4
Accession 0001209191-23-039321
CIK 0001814215other
Filed
Jun 22, 8:00 PM ET
Accepted
Jun 23, 4:04 PM ET
Size
9.7 KB
Accession
0001209191-23-039321
Insider Transaction Report
Form 4
Nuburu, Inc.BURU
Nicol Ronald Lee
Director
Transactions
- Purchase
7% Convertible Promissory Note due 2026
2023-06-23$1000000.00/sh→ 1,453,488 total(indirect: See footnote)Exercise: $0.69From: 2023-06-24Exp: 2026-06-23→ Common Stock (1,453,488 underlying) - Purchase
Warrant (right to buy)
2023-06-23+1,453,488→ 1,453,488 total(indirect: See footnote)Exercise: $1.03From: 2023-12-23Exp: 2028-06-23→ Common Stock (1,453,488 underlying)
Footnotes (4)
- [F1]The 7% convertible promissory note with an aggregate principal amount of $1,000,000 ("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. 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 Nuburu common stock at a conversion price of $0.688 (subject to adjustment pursuant to the terms of the Note, the "Conversion Price"). 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 Eunomia, LP. Mr. Nicol is the manager of Eunomia, LP and exercises voting and investment control over these securities.
- [F3]Subject to adjustment pursuant to the terms of the warrant to purchase shares of Nuburu 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 0001952798
Filing Metadata
- Form type
- 4
- Filed
- Jun 22, 8:00 PM ET
- Accepted
- Jun 23, 4:04 PM ET
- Size
- 9.7 KB