NUBURU eliminated two major debt obligations days after completing a $38 million public offering, freeing capital as it works toward its proposed acquisition of Tekne.
NUBURU (USOTC:BURU) repaid approximately $16.75 million in outstanding principal, eliminating recurring debenture amortization obligations.
The NUBURU debt repayment simplifies the company's capital structure following its recent $38 million financing.
Remaining offering proceeds are intended to support the proposed acquisition of a 70% controlling interest in Tekne, subject to regulatory approval.
The company continues to trade on the OTC Pink market while pursuing a return to the NYSE American exchange.

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