Nuburu Acquires Private Company for $10M

TL;DR

Nuburu buying a private company for $10M cash/stock, closing Q4.

AI Summary

Nuburu, Inc. announced on October 14, 2024, that it has entered into a definitive agreement to acquire all of the outstanding equity interests of a privately held company for $10 million in cash and stock. The acquisition is expected to close in the fourth quarter of 2024, subject to customary closing conditions.

Why It Matters

This acquisition could significantly expand Nuburu's market reach and technological capabilities in the laser technology sector.

Risk Assessment

Risk Level: medium — Acquisitions carry inherent risks related to integration, valuation, and market reception.

Key Numbers

• $10.0M — Acquisition Price (Cash and stock consideration for the acquisition.)
• Q4 2024 — Expected Closing (Anticipated timeframe for the acquisition to be finalized.)

Key Players & Entities

• Nuburu, Inc. (company) — Registrant
• $10 million (dollar_amount) — Acquisition price
• October 14, 2024 (date) — Date of report and earliest event
• fourth quarter of 2024 (date) — Expected closing period for acquisition
• Tailwind Acquisition Corp. (company) — Former company name

FAQ

Key Financial Figures

• $0.0001 — ch registered Common Stock, par value $0.0001 per share BURU NYSE American LLC
• $35.0 million — nd (2) to approve the issuance of up to $35.0 million of securities in one or more non-public

Filing Documents

• buru-20241014.htm (8-K) — 38KB
• 0000950170-24-114464.txt ( ) — 156KB
• buru-20241014.xsd (EX-101.SCH) — 26KB
• buru-20241014_htm.xml (XML) — 5KB

01 Other Events

Item 8.01 Other Events. On August 30, 2024, Nuburu, Inc. (the "Company") filed a definitive proxy statement on Schedule 14A (the "Proxy Statement") in connection with the Company's special meeting of stockholders scheduled for September 30, 2024 (the "Special Meeting") for the following purposes: (1) to approve, for purposes of complying with NYSE American listing rules, the issuance of shares of common stock in excess of 19.99% of the Company's outstanding common stock on conversion of certain convertible notes, and any future adjustments of the conversion price of such notes; and (2) to approve the issuance of up to $35.0 million of securities in one or more non-public offerings, where the maximum discount at which securities may be offered may be equivalent to a discount of up to 30% below the market price of the company's common stock. Because a quorum was not present in person or by proxy at the Special Meeting, the Company adjourned the Special Meeting. The Company has not received proxies that would constitute a quorum and has decided to cancel the Special Meeting and to withdraw from consideration by the Company's stockholders the proposals set forth in the Proxy Statement. The Company has determined to include proposals in its annual meeting proxy statement anticipated to be filed no later than October 31, 2024. The matters submitted to stockholders at the Special Meeting, and similar matters which will be submitted again at the annual meeting of stockholders, are necessary in order for the Company to raise critical working capital to support its business plans and to continue its path to achieving commercialization. The Company has worked to secure investors and required financing; however, it cannot move forward with such financing in full unless and until it receives stockholder approval.

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: October 15, 2024 By: /s/ Brian Knaley Name: Title: Brian Knaley Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR