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CORRECTION – Liqueous LP Announces $65 Million Financing Program in Nuburu Inc. (BURU), Highlighting Comprehensive Financing with Limited Dilution
BURUNuburu(BURU) GlobeNewswire News Room·2024-10-08 02:18

Core Insights - Liqueous LP has announced a 65millionfinancingprogramforNuburuInc.,whichfocusesonhighpowerindustrialbluelasertechnology,significantlyexceedingNuburuscurrentmarketcapofapproximately65 million financing program for Nuburu Inc., which focuses on high-power industrial blue laser technology, significantly exceeding Nuburu's current market cap of approximately 2.6 million, indicating the company's substantial intrinsic value and transformative potential across multiple industries [1][2][5] Financing Structure - The investment consists of a 15milliondirectcapitalinjectionanda15 million direct capital injection and a 50 million equity line of credit (ELOC), aimed at accelerating Nuburu's expansion in sectors such as e-mobility, healthcare, defense, and consumer electronics [2][4] - The financing is structured to minimize dilution through pre-funded warrants executed at market prices, allowing for potential price appreciation and flexibility across each tranche [2][4] Investment Terms - Under the Master Transaction Terms Agreement, Liqueous LP will provide immediate capital, including an initial 3millioninvestmentviaprefundedwarrants,followedbyweeklycapitalinfusionsof3 million investment via pre-funded warrants, followed by weekly capital infusions of 1.25 million until an additional 10millionisinvested[3][4]Nuburuwillalsohaveaccesstoa10 million is invested [3][4] - Nuburu will also have access to a 50 million equity line of credit, providing flexibility for future growth, including a $2.5 million convertible note available for immediate use [3][4] Market Position and Technology - Nuburu has secured contracts with NASA and key clients such as the U.S. Air Force, showcasing its growing market presence in precision and high-speed processing industries like space exploration and aerospace [5][7] - Nuburu's industrial blue lasers are designed to produce higher quality welds and parts at a rate up to eight times faster than traditional methods, emphasizing the company's innovative technology [7]