Nuburu Eliminates All Monthly Amortization Obligations
BURU•Nuburu advances on Tekne acquisition and debt extinguishment
NUBURU Inc. said it is advancing on its Tekne acquisition, extinguishing $16.75 million in debt days after a $38.0 million offering.
The company said it:
- eliminates all monthly amortization obligations
- will seek NYSE review and aim for NYSE American compliance
- will use proceeds for Golden Power requirements and the 70% Tekne acquisition
