Nuburu subscribes to EUR 5.25 million SYME 3 bonds due March 2029

Reuters03-19
Nuburu subscribes to EUR 5.25 million SYME 3 bonds due March 2029

Nuburu entered a bond subscription agreement with Supply@ME Stock Company 3 to subscribe to EUR 5.25 million of bonds due March 2029. The subscription price will be paid by offsetting EUR 4.82 million of advance payments previously made under a convertible facility. The bonds accrue interest at 3-month EURIBOR plus 7.5% per year, capped at 12% per year. Interest is payable quarterly, with the first payment due July 8, 2026.

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