Nuburu(BURU) - 2023 Q3 - Quarterly Report

(4) David Michael, an affiliate of CST Global LLC, was a member of the Legacy Nuburu board of directors. Legacy Nuburu Preferred Stock Financing The Company's Preferred Stock ranks senior to the Company's Common Stock with respect to rights on the distribution of assets on any voluntary or involuntary liquidation, dissolution or winding up of the affairs of the Company. Conversion Rights If the VWAP is greater than 200% of the Conversion Price for any 20 trading days in a 30-day trading day period, the Comp ...