Nuburu Inc. has announced a significant update regarding its financial strategy, specifically concerning its Series A Preferred Stock. Starting in the first quarter of 2025, this Preferred Stock will be classified as a current liability due to mandatory redemption provisions. In a proactive financial maneuver, Nuburu has repurchased and extinguished 100,000 shares of its Preferred Stock and is actively negotiating to repurchase up to an additional 140,000 shares. The company has indicated that further repurchases may occur, although these transactions are not guaranteed. This move reflects Nuburu's ongoing efforts to manage its financial obligations effectively.
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