Nuburu Inc
For the period ended Dec 31, 2023. Filed Apr 15, 2024.
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FY2023 · Filed Apr 15, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Changes in Stockholders’ Deficit
CONSOLIDATED STATEMENTS OF CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' EQUITY (DEFICIT)
| · · ConvertiblePreferred Stock · · Common Stock · · | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · Shares(1) · Amount · Shares(1) · Amount · AdditionalPaid-inCapital · AccumulatedDeficit · TotalStockholders'Equity(Deficit) | ||||||||||||||
| Balance as of January 1, 2022 | 23,196,296 | | $4,036 | 5,153,286 | | $999 | | $56,646,247 | | $(47,063,207) | | $9,588,075 | ||
| Issuance of Legacy Nuburu Series C preferred stock | 41,407 | 4 | — | — | 188,886 | — | 188,890 | |||||||
| Issuance of Legacy Nuburu common stock from option exercises | — | — | 403,571 | 78 | 147,479 | — | 147,557 | |||||||
| Stock-based compensation | — | — | — | — | 2,362,340 | — | 2,362,340 | |||||||
| Net loss | | — | | — | | — | | — | | — | | (14,129,101) | | (14,129,101) |
| Balance as of December 31, 2022 | | 23,237,703 | | $4,040 | | 5,556,857 | | $1,077 | | $59,344,952 | | $(61,192,308) | | $(1,842,239) |
| Issuance of Common Stock and Series A preferred stock upon conversion of convertible notes in connection with the reverse recapitalization | 1,361,787 | 136 | 1,361,787 | 136 | 11,575,014 | — | 11,575,286 | |||||||
| Conversion of Legacy Nuburu convertible preferred stock into Common Stock in connection with the reverse recapitalization | (23,237,703) | (4,040) | 23,237,703 | 2,323 | 1,717 | — | — | |||||||
| Issuance of Common Stock and Series A preferred stock upon the reverse recapitalization, net of issuance costs | 1,481,666 | 148 | 3,233,745 | (197) | (3,257,476) | — | (3,257,525) | |||||||
| Issuance of Common Stock and Series A preferred stock to satisfy certain reverse recapitalization costs | 195,452 | 20 | 195,452 | 20 | (40) | — | — | |||||||
| Recognition of Public Warrants upon the reverse recapitalization | — | — | — | — | (1,336,863) | — | (1,336,863) | |||||||
| Issuance of Common Stock from the Lincoln Park Purchase Agreement | — | — | 1,681,898 | 167 | 2,099,830 | — | 2,099,997 | |||||||
| Issuance of Common Stock warrants in connection with the June 2023 Convertible Notes (net of issuance cost of $160,345) | — | — | — | — | 2,351,414 | — | 2,351,414 | |||||||
| Issuance of Common Stock upon conversion of convertible preferred stock | (650,000) | (65) | 1,300,000 | 130 | (65) | — | — | |||||||
| Issuance of Common Stock from option exercises | — | — | 5,153 | 1 | 6,998 | — | 6,999 | |||||||
| Issuance of Common Stock from releases of restricted stock units | — | — | 391,651 | 39 | (39) | — | — | |||||||
| Restricted stock units used for tax withholdings | — | — | (69,923) | (7) | (33,896) | — | (33,903) | |||||||
| Stock-based compensation | — | — | — | | — | 2,490,409 | — | 2,490,409 | ||||||
| Net loss | | — | | — | | — | | — | | — | | (20,706,384) | | (20,706,384) |
| Balance as of December 31, 2023 | | 2,388,905 | | $239 | | 36,894,323 | | $3,689 | | $73,241,955 | | $(81,898,692) | | $(8,652,809) |
(1)The number of shares of convertible preferred stock and common stock issued and outstanding prior to the Business Combination have been retroactively adjusted by the Exchange Ratio to give effect to the reverse recapitalization treatment of the Business Combination. See Note 1 - Description of Business and Note 3 - Reverse Recapitalization for more information.
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