Nuburu to Acquire 70% Equity Interest in Tekne S.p.A.
Nuburu, Inc. and its subsidiary Nuburu Defense, LLC, entered into an Investment Agreement with Tekne S.p.A. and its shareholders to acquire a 70% equity interest in Tekne. The transaction involves an initial 2.9% interest already obtained, further financial contributions totaling €17,692,000 as a convertible receivable, and an agreement for up to $12,000,000 in additional funding. Nuburu Defense will pay a subscription price of €29,692,000 for a 57.1% stake and purchase an additional 10% from shareholders for €5,200,000 cash, plus an earn-out up to €29,692,000 based on future revenues. The acquisition is contingent upon approval from the Italian government under the Golden Power Regulations by September 30, 2026.
Key Highlights
- Nuburu to acquire a 70% equity interest in Tekne S.p.A.
- Nuburu previously obtained a 2.9% interest in Tekne.
- Nuburu contributed €17,692,000 to Tekne as a convertible receivable.
- Agreed to provide up to $12,000,000 in additional funding to Tekne.
- Nuburu Defense will pay a subscription price of €29,692,000 for a 57.1% stake.
- Will purchase an additional 10% from shareholders for €5,200,000 cash.
- An earn-out up to €29,692,000 is payable based on Tekne's revenues from 2027-2036.
- Transaction is subject to Italian Golden Power Regulations approval by September 30, 2026.
Price Impact
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