Read the 8-K: https://phoenixmgmt.live/NUBURU-Cancelled15Mdebt
▪️ The $15 million convertible note held by Brick Lane Capital has been cancelled in full in exchange for the return of 295,000 Heckler & Koch shares.
▪️ Certain Series B preferred holders have agreed to forfeit any common shares that would result from conversion prices below $0.10. This effectively sets a $0.10 floor on those conversions and limits future dilution.
These are decisive steps toward a cleaner, stronger foundation as NUBURU executes its transformation, including the planned acquisition of a 70% interest in Tekne S.p.A.
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https://x.com/nuburulasers/status/2107853170667872492