Nuburu, Inc. (BURU) Form 8-K — Oct 6, 2026
Nuburu entered a Side Letter Agreement effective September 30, 2026 with Esousa Group Holdings and other purchasers, revising the Black Scholes Value definition in its pre-funded warrant and setting a $0.10 per share floor on Series B preferred stock conversions. The Side Letter also imposes monthly penalty payments if Nuburu fails to register the underlying shares on a registration statement by certain dates. Separately, Nuburu agreed to return 295,000 Heckler & Koch AG shares to Brick Lane Capital Management in exchange for cancelling the $15,000,000 subordinated convertible note issued in February 2026, effectively unwinding the original share purchase.
Key figures
- Debt Amount
- 15000000
- Hk shares returned
- 295000
- Conversion floor per share
- 0.1
- Tekne acquisition interest
- 70%
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