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NUBURU Re-Activates 70% Acquisition of Tekne, Advancing Global Defense & Security Platform Targeting €100M+ Revenue
DENVER, March 20, 2026--NUBURU, Inc. (NYSE American: BURU), a dual-use Defense & Security platform company focused on non-kinetic effects, directed-energy technologies, electronic warfare and software-orchestrated defense systems, today announced that it has signed a new binding letter of agreement ("Agreement") with the shareholders of Tekne S.p.A. ("Tekne") to acquire a controlling 70% ownership stake in the company, restoring the strategic acquisition framework originally announced in 2025.
About this update from Nuburu, Inc.
[{"type":"text","content":"Binding Agreement Follows Discussions with Italian Government, Enabling the Path to Golden Power Filing Expected in April","length":121,"tagName":"p","attribs":{}},{"type":"text","content":"DENVER, March 20, 2026--(BUSINESS WIRE)--NUBURU, Inc. (NYSE American: BURU), a dual-use Defense & Security platform company focused on non-kinetic effects, directed-energy technologies, electronic warfare and software-orchestrated defense systems, today announced that it has signed a new binding letter of agreement ("Agreement") with the shareholders of Tekne S.p.A. ("Tekne") to acquire a controlling 70% ownership stake in the company, restoring the strategic acquisition framework originally announced in 2025.","length":539,"tagName":"p"},{"type":"text","content":"Tekne is a specialized defense engineering company with longstanding relationships supporting military mobility platforms, electronic warfare integration and mission-critical defense systems for government and security customers.","length":229,"tagName":"p"},{"type":"text","content":"The Agreement follows institutional interactions conducted with Italian Government representatives, enabling the parties to proceed with the transaction framework, subject to final authorization under Italy’s Golden Power regulatory process governing strategic national-interest industries and expected to be initiated in April 2026.","length":333,"tagName":"p"},{"type":"text","content":"The renewed acquisition framework represents a critical milestone in NUBURU’s transformation into an integrated Defense & Security platform, combining Tekne’s advanced defense mobility platforms and electronic warfare integration capabilities with NUBURU’s laser technologies and AI-enabled software.","length":304,"tagName":"p"},{"type":"text","content":"Management believes this milestone represents a strategic turning point in NUBURU’s transformation into a scalable Defense & Security platform, anchored by Tekne’s defense engineering capabilities and growing global demand for advanced defense technologies.","length":261,"tagName":"p"},{"type":"text","content":"Tekne is targeting approximately €50 million in revenue in 2026 and more than €100 million in 2027, and upon completion of the transaction NUBURU would hold a 70% ownership stake, enabling consolidation of Tekne’s operations within NU...