Nuburu to Convert USD 1.74 Million Debt Into 34,870 Common Shares
Bitget2026/10/15 12:33- Holder of Nuburu's USD 1.74 million convertible note to convert it into 34,870 common shares under originally agreed fixed-share terms.
- The note financed the initial 2.9% Tekne stake; its split-adjusted conversion price is USD 49.90 per share.
- Approximately USD 16.75 million of debt retired in full using proceeds from the USD 38 million public offering.
- Approximately EUR 29.7 million of shareholder loans and other receivables irrevocably waived at closing, becoming permanent, non-repayable Tekne equity.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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