$BURU If completed and fully subscribed, the Company intends to use the net proceeds to deliver significant key strategic and balance-sheet advantages directly aligned with NUBURU's Defense & Security transformation plan:
✅satisfy the financial assurances requirements associated with the Italian Government Golden Power review and position NUBURU to complete its previously announced proposed acquisition of a 70% controlling interest in Tekne S.p.A. ("Tekne"
, subject to Golden Power clearance and other closing conditions;
✅redeem in full principal outstanding indebtedness of approximately $15.5 million (the "Debenture" and $1.25 million of convertible notes issued in connection with the previously announced Lyocon acquisition;
✅end the cycle of satisfying monthly installments under the Debenture through recurring stock issuances at prevailing market prices under the Company’s standby equity purchase agreement;
add primary equity capital and materially strengthen the Company’s stockholders’ equity and pro forma tangible book value in support of its NYSE American continued-listing compliance efforts; and
✅support near-term acquisition, working-capital and platform-execution requirements, enabling NUBURU to halt use of its equity line for at least 90 days, subject to completion of the offering and receipt of sufficient net proceeds.
✅satisfy the financial assurances requirements associated with the Italian Government Golden Power review and position NUBURU to complete its previously announced proposed acquisition of a 70% controlling interest in Tekne S.p.A. ("Tekne"
, subject to Golden Power clearance and other closing conditions; ✅redeem in full principal outstanding indebtedness of approximately $15.5 million (the "Debenture"
and $1.25 million of convertible notes issued in connection with the previously announced Lyocon acquisition; ✅end the cycle of satisfying monthly installments under the Debenture through recurring stock issuances at prevailing market prices under the Company’s standby equity purchase agreement;
add primary equity capital and materially strengthen the Company’s stockholders’ equity and pro forma tangible book value in support of its NYSE American continued-listing compliance efforts; and
✅support near-term acquisition, working-capital and platform-execution requirements, enabling NUBURU to halt use of its equity line for at least 90 days, subject to completion of the offering and receipt of sufficient net proceeds.
