Business
NUBURU Hits First Milestone in Tekne Acquisition with Initial Stake and Tekne US JV Launch
CENTENNIAL, Colo., August 21, 2025--NUBURU, Inc. (NYSE American: BURU) ("NUBURU" or the "Company"), a global leader in high-performance blue laser technology, is pleased to announce the successful execution of the first milestone under the phased acquisition plan for Tekne S.p.A. ("Tekne") established following formal notice received from the Italian government under the "Golden Power" framework.
About this update from Nuburu, Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":1024,"height":512,"url":"https://media.zenfs.com/en/business-wire.com/f3a639d6b065bd16d3ae65409afd51fa"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/1xVK4iZkrRl.MGR80Wkk7w--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQ4MDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/f3a639d6b065bd16d3ae65409afd51fa","width":960,"height":480},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/dnSPA6ryGPJXPYp160UgtQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIwNDg7aD0xMDI0O2NmPXdlYnA-/https://media.zenfs.com/en/business-wire.com/f3a639d6b065bd16d3ae65409afd51fa","width":1024,"height":512}},"lazy":false},{"type":"text","content":"Joint venture immediately tasked with $7.5M in contracts, Americas market expansion, and co-development of new defense technologies.","length":132,"tagName":"p","attribs":{}},{"type":"text","content":"Initial minority stake serves as foundation for path to controlling interest in Tekne within the framework of the Golden Power regulations.","length":139,"tagName":"p","attribs":{}},{"type":"text","content":"CENTENNIAL, Colo., August 21, 2025--(BUSINESS WIRE)--NUBURU, Inc. (NYSE American: BURU) ("NUBURU" or the "Company"), a global leader in high-performance blue laser technology, is pleased to announce the successful execution of the first milestone under the phased acquisition plan for Tekne S.p.A. ("Tekne") established following formal notice received from the Italian government under the "Golden Power" framework.","length":456,"tagName":"p"},{"type":"text","content":"Through its new subsidiary, Nuburu Defense, the Company secured an initial equity stake equal to the maximum interest permitted under current Golden Power regulatory thresholds (3%) and agreed to an action plan that, by utilizing the Luxembourg investment vehicle TCEI, will pave the way to a controlling interest in Tekne.","length":323,"tagName":"p"},{"type":"text","content":"This step serves as the foundation for the launch of a U.S.-Based Defense 80/20 Joint Venture between Nuburu Defense and Tekne, aimed at being immediately operational with three primary mandates:","length":195,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Deliver an initial USD $7.5 million backlog...