XML 67 R57.htm IDEA: XBRL DOCUMENT v3.23.2
CONVERTIBLE PREFERRED STOCK - Additional Information (Details)
2 Months Ended 3 Months Ended 6 Months Ended 11 Months Ended
Jan. 31, 2023
$ / shares
shares
Aug. 30, 2022
USD ($)
$ / shares
shares
Jan. 31, 2022
USD ($)
$ / shares
shares
Jun. 30, 2023
USD ($)
$ / shares
shares
Mar. 31, 2023
shares
[1]
Mar. 31, 2022
USD ($)
Jun. 30, 2023
Days
$ / shares
shares
Jan. 31, 2023
$ / shares
shares
Mar. 10, 2023
shares
Jan. 30, 2023
shares
Dec. 31, 2022
$ / shares
shares
Class of Stock [Line Items]                      
Preferred stock, shares authorized       50,000,000     50,000,000       50,000,000
Preferred stock, par value (in dollars per share) | $ / shares       $ 0.0001     $ 0.0001       $ 0.0001
Common stock, shares issued 31,323,904     35,288,220     35,288,220 31,323,904     5,556,857
Preferred stock, shares issued       3,038,905     3,038,905       23,237,703
Preferred stock, aggregate purchase price | $           $ 188,890          
Preferred stock, shares outstanding       3,038,905     3,038,905       23,237,703
Common stock, shares outstanding 31,323,904     35,288,220     35,288,220 31,323,904     5,556,857
Warrant with strike price | $ / shares       $ 1.03     $ 1.03        
Price per share | $ / shares $ 10             $ 10      
Amended and Restated Sponsor Support and Forfeiture Agreement [Member]                      
Class of Stock [Line Items]                      
Common stock, shares outstanding 1,150,000             1,150,000      
Founder shares forfeited 8,355,393                    
Amended and Restated Sponsor Support and Forfeiture Agreement [Member] | Nautilus Maser Fund, L.P. [Member]                      
Class of Stock [Line Items]                      
Shares transferred 150,000                    
Amended and Restated Sponsor Support and Forfeiture Agreement [Member] | Cohen & Company Capital Markets [Member]                      
Class of Stock [Line Items]                      
Shares transferred 50,000                    
Engagement Letter with Anzu Partners [Member]                      
Class of Stock [Line Items]                      
Payment to business combination | $   $ 500,000                  
Warrant with strike price | $ / shares   $ 0.01                  
Number of outstanding warrants to purchase shares   500,000                  
Payment for exercise of warrants | $       $ 500,000              
Stock Purchase Agreement [Member] | Wilson Sonsini Goodrich & Rosati [Member]                      
Class of Stock [Line Items]                      
Common stock, shares issued                 195,452    
Preferred stock, shares issued                 195,452    
Common Stock [Member]                      
Class of Stock [Line Items]                      
Conversion of preferred stock in to common stock 23,237,703             23,237,703      
Issuance of Legacy Nuburu Series C preferred stock, shares 3,675,976                    
Conversion of shares 1,361,787       1,361,787     1,361,787      
Legacy Nuburu's [Member]                      
Class of Stock [Line Items]                      
Common stock, shares issued 10,782,091             10,782,091      
Preferred stock, shares issued 40,392,723             40,392,723      
Preferred stock, shares outstanding 40,392,723             40,392,723      
Common stock, shares outstanding 10,782,091             10,782,091   2,642,239  
Percentage of common stock to be received 99.00%                    
Equity awards, shares issued 7,132,467             7,132,467      
Legacy Nuburu's [Member] | Common Stock [Member]                      
Class of Stock [Line Items]                      
Conversion of shares               2,642,239      
Number of outstanding warrants to purchase shares                   4,000,000  
Conversion Rights [Member]                      
Class of Stock [Line Items]                      
Price per share | $ / shares       $ 11.5     $ 11.5        
Minimum VWAP percentage             115.00%        
Preferred stock convertible threshold minimum percentage of voting stock outstanding             9.99%        
Conversion Rights [Member] | Certificate of Designations [Member]                      
Class of Stock [Line Items]                      
Conversion rate of preferred stock into common stock | $ / shares       $ 5     $ 5        
Mandatory Conversion [Member]                      
Class of Stock [Line Items]                      
Threshold percentage of conversion price for mandatory conversion             200.00%        
Conversion price trading days | Days             20        
Conversion price trading days period             30 days        
Series A Preferred Stock [Member]                      
Class of Stock [Line Items]                      
Preferred stock, shares authorized       50,000,000     50,000,000       50,000,000
Preferred stock, par value (in dollars per share) | $ / shares       $ 0.0001     $ 0.0001       $ 0.0001
Preferred stock, shares issued       3,038,905     3,038,905       23,237,703
Preferred stock, shares outstanding       3,038,905     3,038,905       23,237,703
Conversion of shares 1,361,787                    
Conversion rate of preferred stock into common stock | $ / shares       $ 10     $ 10        
Series A Preferred Stock [Member] | Amended and Restated Sponsor Support and Forfeiture Agreement [Member]                      
Class of Stock [Line Items]                      
Preferred stock, shares outstanding 650,000             650,000      
Series A Preferred Stock [Member] | Legacy Nuburu's [Member]                      
Class of Stock [Line Items]                      
Preferred stock, shares issued 15,478             15,478      
Series A Preferred Stock [Member] | Tailwind [Member]                      
Class of Stock [Line Items]                      
Preferred stock, shares issued 316,188             316,188      
Series A Preferred Stock [Member] | Conversion Rights [Member] | Certificate of Designations [Member]                      
Class of Stock [Line Items]                      
Conversion rate of preferred stock into common stock | $ / shares       $ 5     $ 5        
Series C Preferred Stock [Member] | Legacy Nuburu's [Member]                      
Class of Stock [Line Items]                      
Purchase price per share | $ / shares     $ 5                
Issuance of Legacy Nuburu Series C preferred stock, shares     1,166,372                
Preferred stock, aggregate purchase price | $     $ 5,800,000                
[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 Capitalization for more information.