NUBURU, Inc. announced on October 7, 2024, a comprehensive funding program of approximately $65 million with Liqueous LP. This strategic financing framework is designed to provide both short-term and long-term capital.
The program includes an immediate capital infusion of $3 million from Liqueous LP, followed by subsequent weekly infusions of $1,250,000 until an additional $10 million has been invested. Additionally, NUBURU gains access to a $50 million equity line of credit (ELOC) and an optional $2.5 million convertible note with an 8% annual interest rate.
This funding is expected to accelerate NUBURU's commercialization efforts and support its expansion into sectors such as e-mobility, healthcare, defense, and consumer electronics. Concurrently, the company terminated its previous Equity Line of Credit with Lincoln Park.
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