Nuburu, Inc. Files 8-K: Material Agreement & Officer Changes
Ticker: BURUW · Form: 8-K · Filed: Jan 17, 2025 · CIK: 1814215
Sentiment: neutral
Topics: material-agreement, officer-changes, director-changes
TL;DR
Nuburu filed an 8-K for a new material agreement and board/officer changes.
AI Summary
Nuburu, Inc. announced on January 13, 2025, the entry into a material definitive agreement and changes in its board and officer composition. The company also reported on compensatory arrangements for certain officers. This filing follows its previous identity as Tailwind Acquisition Corp., with a name change effective June 4, 2020.
Why It Matters
This 8-K filing indicates significant corporate actions, including a new material agreement and changes in leadership, which could impact the company's strategic direction and operational execution.
Risk Assessment
Risk Level: medium — Material definitive agreements and changes in directors/officers can signal significant strategic shifts or internal restructuring, warranting close monitoring.
Key Numbers
- 001-39489 — SEC File Number (Identifies the company's filing with the SEC.)
- 85-1288435 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- Nuburu, Inc. (company) — Registrant
- Tailwind Acquisition Corp. (company) — Former Company Name
- January 13, 2025 (date) — Date of earliest event reported
- June 4, 2020 (date) — Date of name change
FAQ
What is the nature of the material definitive agreement entered into by Nuburu, Inc. on January 13, 2025?
The filing indicates the entry into a material definitive agreement, but the specific details of this agreement are not provided in the provided text.
What specific changes occurred regarding Nuburu, Inc.'s directors or officers?
The filing reports on the departure of directors or certain officers, the election of directors, and the appointment of certain officers, as well as compensatory arrangements for certain officers, but the specific individuals and roles are not detailed in the provided text.
When did Nuburu, Inc. change its name from Tailwind Acquisition Corp.?
The name change from Tailwind Acquisition Corp. to Nuburu, Inc. was effective on June 4, 2020.
What is Nuburu, Inc.'s principal executive office address?
Nuburu, Inc.'s principal executive offices are located at 7442 S Tucson Way, Suite 130, Centennial, Colorado, 80112.
What is the SEC Act under which this 8-K report is filed?
This 8-K report is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Filing Stats: 829 words · 3 min read · ~3 pages · Grade level 14.5 · Accepted 2025-01-17 17:10:07
Key Financial Figures
- $0.0001 — ch registered Common Stock, par value $0.0001 per share BURU NYSE American LLC
- $1,000,000 — ompany (i) payments for an aggregate of $1,000,000 in three installments, and (ii) a payme
- $500,000 — ree installments, and (ii) a payment of $500,000 at such time as the parties are able to
- $360,000 — i will receive an annual base salary of $360,000 and will be eligible for bonus compensa
Filing Documents
- buru-20250113.htm (8-K) — 43KB
- 0000950170-25-006793.txt ( ) — 158KB
- buru-20250113.xsd (EX-101.SCH) — 25KB
- buru-20250113_htm.xml (XML) — 5KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement On January 13, 2025, Nuburu, Inc. (the "Company") entered into a letter agreement with S.F.E. Equity Investments SARL ("SFE EI"), pursuant to which SFE EI agreed to engage in efforts and commit capital, together with its partners, to repay, settle, or acquire, certain outstanding promissory notes issued by the Company (which are currently in default as publicly reported by the Company on December 16, 2024) and finance the operations of the Company for the next twelve months pursuant to a business plan focused on building a stable foundation for the future business (the "Transformation Plan") to be agreed by the parties. In exchange, the Company agreed to the governance changes identified in Item 5.02 below. In the event that SFE EI and its partners are able to acquire the outstanding notes that are currently in default, the parties also agreed to amend such notes, with the objective of having such notes ultimately converted and extinguished. On January 14, 2025, the Company entered into a settlement and mutual release agreement with Liqueous LP ("Liqueous") pursuant to which the parties provided an immediate mutual release of claims and Liqueous agreed to provide to the Company (i) payments for an aggregate of $1,000,000 in three installments, and (ii) a payment of $500,000 at such time as the parties are able to negotiate the amendment of the terms of outstanding pre-funded warrants held by Liqueous to reflect current market price. Such payments are conditioned on the Company's continued performance under funding arrangements executed by the Company with Liqueous before July 31 2024. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On January 13, 2025, the Company accepted Ron Nicol's resignation from the Board of Directors (the "Board"), appointed Alessandro Zamboni as Executive Chairperson, and r
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. Date: January 17, 2025 By: /s/ Brian Knaley Brian Knaley Chief Executive Officer