Liqueous LP Announces $65 Million Financing Program in Nuburu Inc. (BURU), Highlighting Comprehensive Financing with Limited Dilution
October 07 2024 - 7:07PM
Liqueous LP, a leading multi-strategy fund, focused on leveraging
emerging technologies to set a new industry standard for how micro,
small, and mid-market issuers access growth capital, is pleased to
announce a comprehensive $65 million financing program for Nuburu
Inc. (NYSE American: BURU), a trailblazer in high-power industrial
blue laser technology. This financing program, structured jointly
with the team at Nuburu, provides terms designed to deliver
predictable, strategic, and low-cost capital while minimizing
dilution, significantly exceeding Nuburu’s current market cap of
approximately $2.6 million, underscoring the company’s substantial
intrinsic value and transformative potential across multiple
industries.
The investment includes a $15 million direct capital injection
and the establishment of a $50 million equity line of credit
(ELOC), designed to accelerate Nuburu’s expansion in sectors such
as e-mobility, healthcare, defense, and consumer electronics. This
strategic financing solution mitigates dilution through pre-funded
warrants, executed at market prices at the time of investment,
allowing for possible price appreciation and flexibility across
each tranche. Liqueous LP’s investment is aligned with the market
value, ensuring the PIPE is funded at market price without any
discounts, resets, or toxic dilutive features
Jacob M. Fernane, Managing Partner at Liqueous LP,
commented:
“This is a very comprehensive financing solution that provides
Nuburu with predictable capital while minimizing dilution and
market disruption. The financing is structured at market value with
no toxic elements, ensuring our investment aligns with Nuburu’s
continued success and growth. Our partnership with Nuburu reflects
our strong confidence in the intrinsic value of the company’s
technology and its potential to revolutionize multiple high-growth
industries.”
Under the Master Transaction Terms Agreement, Liqueous LP will
provide Nuburu with immediate capital, including an initial $3
million investment via pre-funded warrants, followed by weekly
capital infusions of $1.25 million until an additional $10 million
is invested. Additionally, Nuburu will have access to a $50 million
equity line of credit (ELOC), giving the company flexibility for
future growth, including a $2.5 million convertible note that is
available for immediate use.
This financing has been structured in a way that avoids
unnecessary dilution, leveraging pre-funded warrants with
registration rights, while allowing the company to raise capital
incrementally at market prices. This approach provides Nuburu with
substantial liquidity to scale its operations while validating the
company’s underlying value.
Nuburu’s recent contracts with NASA, along with its pioneering
blue laser technology and key clients including the U.S. Navy and
GE Additive, demonstrate the company’s growing market presence in
industries that require precision and high-speed processing, such
as space exploration and aerospace.
Brian Knaley, CEO of Nuburu, added:
“We are excited to partner with Liqueous LP in what is a
significant step forward for our company. This financing
strengthens our financial position and underscores the confidence
Liqueous has in our groundbreaking technology and our ability to
transform key industries. The fact that this financing comes with
favorable terms and limited dilution is a testament to the value
both sides see in our long-term potential.”
About Liqueous LP
Liqueous LP is an innovative, multi-strategy fund focused on
leveraging emerging technologies to provide a new industry standard
for how micro, small, and mid-market issuers access growth capital.
By utilizing proprietary technology and advanced risk management
solutions, Liqueous delivers long-term, low-cost capital that
optimizes value and mitigates risk for its portfolio companies.
Liqueous specializes in bespoke financing structures including
shareholder liquidity products such as REPOs, block trades, and
other asset-backed instruments. To learn more, visit
www.liqueous.com.
Forward-Looking Statements
This press release contains forward-looking statements that
involve risks and uncertainties, including those related to
Liqueous LP’s and Nuburu’s financial performance and future
business activities. These statements are based on current
expectations and projections, but actual results may differ due to
market conditions or strategic shifts. Liqueous LP is under no
obligation to update these forward-looking statements except as
required by law.
Contact:info@liqueous.com
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