Northland Securities: NUBURU private placement raises $7.925m from existing investors

NUBURU Inc of Centennial, CO, USA - which conducts research, development, design and manufacturing of high-power, high-brightness industrial blue lasers - has entered into definitive agreements primarily with certain existing investors to receive a cash infusion of $7.925m (prior to deducting transaction and issuance costs) through an offering of (i) convertible promissory notes and (ii) warrants to purchase shares of common stock. The shares underlying the convertible notes and warrants are subject to a one-year lock up and are expected to be registered for resale on a registration statement on Form S-3 after 6 February 2024...