Nuburu, Inc. Files 8-K on Security Holder Rights
Ticker: BURUW · Form: 8-K · Filed: Jul 10, 2024 · CIK: 1814215
Sentiment: neutral
Topics: corporate-action, filing, securities
TL;DR
Nuburu filed an 8-K, watch for changes to your shareholder rights.
AI Summary
On July 9, 2024, Nuburu, Inc. filed an 8-K report detailing material modifications to the rights of its security holders and financial statements. The company, formerly known as Tailwind Acquisition Corp., is incorporated in Delaware and operates in the miscellaneous electrical machinery sector.
Why It Matters
This filing indicates potential changes affecting the rights of Nuburu's shareholders, which could impact their investment value and voting power.
Risk Assessment
Risk Level: medium — Filings related to modifications of security holder rights can introduce uncertainty and potential changes to the value or control of an investment.
Key Numbers
- 001-39489 — SEC File Number (Identifies the company's filing history with the SEC.)
- 85-1288435 — IRS Employer Identification No. (Tax identification number for the company.)
Key Players & Entities
- Nuburu, Inc. (company) — Registrant
- Tailwind Acquisition Corp. (company) — Former company name
- Delaware (jurisdiction) — State of Incorporation
- July 09, 2024 (date) — Date of Report
FAQ
What specific modifications are being made to the rights of Nuburu, Inc.'s security holders?
The filing indicates 'Material Modifications to Rights of Security Holders' as an item information, but the specific details of these modifications are not provided in the excerpt.
When was Nuburu, Inc. formerly known as Tailwind Acquisition Corp.?
The company's name was changed from Tailwind Acquisition Corp. on June 4, 2020.
What is Nuburu, Inc.'s primary business sector?
Nuburu, Inc. operates in the 'MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES' sector, with SIC code 3690.
Where is Nuburu, Inc. headquartered?
Nuburu, Inc. is headquartered at 7442 S Tucson Way, Suite 130, Centennial, Colorado, 80112.
What is the significance of the 'Financial Statements and Exhibits' item in this 8-K filing?
This indicates that the filing includes updated financial information and supporting documents, which are crucial for investors to assess the company's financial health.
Filing Stats: 512 words · 2 min read · ~2 pages · Grade level 11.9 · Accepted 2024-07-10 08:30:10
Key Financial Figures
- $0.0001 — ch registered Common Stock, par value $0.0001 per share BURU NYSE American LLC
Filing Documents
- buru-20240709.htm (8-K) — 36KB
- 0000950170-24-082597.txt ( ) — 150KB
- buru-20240709.xsd (EX-101.SCH) — 25KB
- buru-20240709_htm.xml (XML) — 5KB
03 Material Modification to Rights of Security Holders
Item 3.03 Material Modification to Rights of Security Holders. Nuburu, Inc. (the "Company") previously announced that it was implementing a reverse stock split of its common stock at a ratio of 1-for-40 (the "Reverse Split"), which was to become effective on July 10, 2024. Notwithstanding that the Company provided FINRA with more than 10 days prior notice of the record date for the Reverse Split as required under applicable rules, FINRA has indicated that, due to a backlog of its processing of corporate actions with respect to issuers quoted on the over-the-counter market administered by FINRA, it is not able to process the Reverse Split as of July 10, 2024. As a result, the Company must delay the implementation of the Reverse Split until FINRA is able to process this action. The Company will promptly notify the market upon establishing a new record date for the Reverse Split.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. NUBURU, INC. Date: July 10, 2024 By: /s/ Brian Knaley Name: Title: Brian Knaley Chief Executive Officer