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Uber Announces Acquisition Offer for Delivery Hero

• Cash consideration of €41.50 per share offered to all Delivery Hero shareholders, representing an Equity Value of $14.8 billion, or $13.7 billion adjusted for Uber’s prior stake purchases

• The transaction is expected to be accretive to Non-GAAP EPS upon close; high-single-digit percentage accretion by year three

• Delivery Hero has separately agreed to sell part of its business covering 14 markets to SSW Partners

• Management Board and Supervisory Board of Delivery Hero unanimously welcome and support the Takeover Offer and intend to recommend Delivery Hero shareholders to tender into the offer, subject to their review of the Offer Document

• Prosus has irrevocably committed to tender their shares, which would bring Uber’s total economic interest to ~53%

SAN FRANCISCO–(BUSINESS WIRE)–
Uber Technologies, Inc. (NYSE: UBER) has entered into a business combination agreement with Delivery Hero, extending the world’s largest mobility and delivery platform to a total of 99 markets, with combined pro-forma Gross Bookings of $236 billion in 2025.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260715826698/en/

Under the terms of the voluntary takeover offer, Uber will offer Delivery Hero shareholders cash consideration of €41.50 per share (the “Offer Price”), representing an Equity Value¹ of $14.8 billion (implied for 100% of the company), or $13.7 billion adjusted for Uber’s prior stake purchases.

Delivery Hero has entered into a separate agreement with SSW Partners, a New York-based investment firm that has led cross-border investments alongside global businesses. SSW will acquire Delivery Hero’s businesses in a total of 14 markets, particularly where Uber Eats and Delivery Hero already overlap, subject to completion of the Uber Takeover Offer and other customary conditions, for a consideration of approximately $1.6 billion. Uber will not acquire control over the businesses transferred to SSW, and SSW will independently lead the process to find strategic partners that best position those businesses for long-term success.

Businesses being acquired by Uber 50 markets generating $42B of Gross Bookings2 in 2025

Businesses being acquired by SSW Partners 14 markets generating $11B of Gross Bookings in 2025

Baedal Minjok (Republic of Korea); foodora (Hungary); foodpanda (Bangladesh, Cambodia, Hong Kong, Laos, Malaysia, Myanmar, Pakistan, Philippines, Singapore); Glovo (Armenia, Bosnia and Herzegovina, Bulgaria, Cote d’Ivoire, Croatia, Georgia, Italy, Kazakhstan, Kenya, Kyrgyzstan, Montenegro, Morocco, Nigeria, Serbia, Tunisia, Uganda, Ukraine); Hungerstation (Saudi Arabia); PedidosYa (Argentina, Bolivia, Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua, Panama, Paraguay, Peru, Uruguay, Venezuela); talabat (Bahrain, Egypt, Iraq, Jordan, Kuwait, Oman, Qatar, United Arab Emirates)

foodora (Austria, Czechia, Norway, Sweden); efood (Greece); Foody (Cyprus); Glovo (Moldova, Poland, Portugal, Romania, Spain); PedidosYa (Chile, Ecuador); Yemeksepeti (Türkiye)

“Delivery Hero’s talented team has built an extraordinary business, with beloved local brands and leading positions across many of the world’s fastest-growing delivery markets,” said Dara Khosrowshahi, CEO of Uber. “By bringing our platforms together, we will extend affordable, reliable delivery to many millions more people in many of the world’s most dynamic economies, while creating more opportunities for merchants and couriers. Together, we’ll nearly double the number of markets where we offer both mobility and delivery services, scaling a proven platform that we believe will create significant long-term value for our customers and shareholders.”

“We are excited about this opportunity with Uber and the possibilities it offers for our employees, shareholders, and partners. Uber’s global mobility and delivery platform and our shared commitment to innovation make this the right partnership to build on Delivery Hero’s strengths in local food delivery and Quick Commerce, and to take our Everyday App strategy further for our customers,” said Niklas Östberg, CEO of Delivery Hero. “I’m grateful to our people for building this company over 15 years, and we look forward to this great next chapter together.”

“The food delivery business is highly competitive and scale dependent. It is challenging to build from a European base, yet we have achieved an enormous amount over 15 years. Joining forces with a strong partner now is the right move for Delivery Hero to best secure its future competitiveness and ability to deliver value for all our stakeholders,” said Kristin Skogen Lund, Chair of the Delivery Hero Supervisory Board. “The Supervisory Board has been closely involved and fully supports the proposed transaction and we appreciate Uber’s shared interest in preserving and building on the Delivery Hero strengths.”

“We are pleased to acquire these market-leading businesses,” said Josh Steiner and Antonio Weiss of SSW Partners. “We will support management to ensure that these businesses continue to grow, invest in their people and deliver exceptional service to their customers. In parallel, we will lead the process to find the best long-term homes for these businesses, where they will continue to thrive.”

Transaction Rationale

The combination is expected to accelerate innovation and deliver meaningful benefits for consumers, merchants, couriers, and drivers. By bringing together Uber’s global technology platform with Delivery Hero’s strong local brands, merchant relationships, and delivery capabilities, the combined businesses will be better positioned to offer consumers greater choice, enhanced value, and a more seamless Uber One membership experience across more of their daily needs. For merchants, Uber’s large, highly engaged, and growing user base is expected to create incremental demand, supported by enhanced advertising, promotional, and local commerce tools. For couriers and drivers, a denser combined network is expected to drive higher order volumes, improved utilization, and a broader range of delivery and mobility earning opportunities.

The transaction nearly doubles the number of markets where Uber will offer both mobility and delivery services, from 34 to 58 markets, substantially broadening the addressable base for Uber’s proven cross-platform strategy. In Uber’s existing markets, cross-platform engagement represents a highly efficient acquisition channel while also increasing engagement, with cross-platform users generating roughly 3x the Gross Bookings and profits compared to single-product users. Uber expects the transaction to be accretive to Non-GAAP EPS upon close and high-single-digit percentage accretive by year three.

Commitment to Delivery Hero Employees and Investments in Germany

Uber recognizes that Delivery Hero’s success is built on the talent, entrepreneurial spirit, and dedication of its people. Uber fully supports and respects the commitments Delivery Hero has made to employees and has pledged to retain Delivery Hero’s headquarters and make no changes to its workforce in Berlin until at least 2029. Additionally, Uber has committed to invest €2 billion in Germany over the next 5 years, with a focus on developing its local corporate workforce, growing its nationwide business, and launching autonomous vehicle deployments and partnerships with the German automotive industry.

Financing and Capital Allocation

Uber will fund the Takeover Offer through existing cash on its balance sheet and new debt financing. Uber has executed a committed bridge facility of approximately €14 billion. The transaction is structured to maintain Uber’s strong investment grade credit rating, with gross leverage to remain below 2x, supported by Uber’s strong free cash flow generation. Uber’s existing capital allocation framework remains unchanged, including its commitment to return excess capital to shareholders through share buybacks.

Transaction Details

The Takeover Offer will be subject to a minimum acceptance threshold of 50% plus one share of Delivery Hero’s outstanding share capital (inclusive of shares owned by Uber) and certain further conditions, including receipt of certain merger control and financial regulatory clearances, which will be set out in full in the Offer Document. Prior to the announcement of the Takeover Offer, Uber held approximately 24.77% of Delivery Hero’s issued voting share capital directly, and held additional economic exposure of approximately 11.74% through equity derivatives. Prosus has entered into an irrevocable undertaking agreement to tender all of their Delivery Hero shares (~17% of shares outstanding) into the offer, bringing Uber’s total economic interest to ~53%. Uber has committed to not entering into a Domination and Profit Transfer Agreement (DPLTA) for a period of three years. Closing is expected in the second half of 2027.

The Offer Document will be submitted to BaFin for approval and published in accordance with the German Securities Acquisition and Takeover Act (WpÜG). The acceptance period for the Takeover Offer will commence upon publication of the Offer Document.

The Offer Document and other information pertaining to the Takeover Offer will be published, following approval by BaFin, on this website: www.delivering-value.com.

Conference Call with Uber Executives to Discuss Transaction

Uber will host a conference call to discuss the transaction at 5:00 a.m. Pacific Time (8:00 a.m. Eastern Time). A link to the live webcast of the conference call and a slide presentation are available on the Uber Investor Relations website at investor.uber.com.

Advisors

Morgan Stanley & Co. LLC and Deutsche Bank are serving as lead financial advisors to Uber. Bank of America and Goldman Sachs are also serving as financial advisors to Uber. Freshfields and Wachtell, Lipton, Rosen & Katz are serving as legal counsel to Uber and Cooley LLP is serving as legal counsel to Uber in connection with the financing. Affiliates of Morgan Stanley & Co. LLC, Bank of America and Deutsche Bank are providing the committed bridge facility to Uber. Evercore is serving as financial advisor to SSW. Paul Weiss, Hengeler Mueller, Baker Botts, and Gibson Dunn are serving as legal counsel to SSW.

About Uber

Uber’s mission is to create opportunity through movement. We started in 2010 to solve a simple problem: how do you get access to a ride at the touch of a button? More than 75 billion trips later, we’re building products to get people closer to where they want to be. By changing how people, food, and things move through cities, Uber is a platform that opens up the world to new possibilities.

About Delivery Hero

Delivery Hero is the world’s leading local delivery platform, operating its service in around 65 countries across Asia, Europe, Latin America, the Middle East and Africa. The Company started as a food delivery service in 2011 and today runs its own delivery platform on four continents. Additionally, Delivery Hero is pioneering quick commerce, the next generation of e-commerce, aiming to bring groceries and household goods to customers in under one hour and often in 20 to 30 minutes. Headquartered in Berlin, Germany, Delivery Hero has been listed on the Frankfurt Stock Exchange since 2017 and is part of the MDAX stock market index. For more information, please visit www.deliveryhero.com.

About SSW Partners

SSW Partners is a New York-based private investment firm that is a trusted partner to leading corporations, investment firms and families. The principals of SSW have substantial investing, operating, and transaction experience internationally. SSW has jointly led two public-to-private transactions: the US$4.6 billion privatization of Veoneer in partnership with Qualcomm and the US$7.1 billion privatization of ESR Group.

Forward-Looking Statements

This press release contains forward-looking statements regarding the proposed transaction and Uber’s future business expectations which involve risks and uncertainties. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. Forward-looking statements include all statements that are not historical facts and can be identified by terms such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “hope,” “intend,” “may,” “objective,” “ongoing,” “plan,” “potential,” “predict,” “should,” “will,” or “would” or similar expressions and the negatives of those terms. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Uber’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks, uncertainties and other factors relate to, among others: risks and uncertainties related to the pending transaction, including the failure to obtain, or delays in obtaining, required regulatory approvals, the risk that such approvals may result in the imposition of conditions that could adversely affect us or the expected benefits of the proposed transaction, or the failure to satisfy any of the closing conditions to the tender offer on a timely basis or at all; costs, expenses or difficulties related to the transaction; failure to realize the expected benefits and synergies of the proposed transaction in the expected timeframes or at all; the potential impact of the announcement, pendency or consummation of the proposed transaction on relationships with Uber’s and/or Delivery Hero’s employees, merchants, suppliers, couriers and other business partners; the risk of litigation or regulatory actions to Uber and/or Delivery Hero; inability to retain key personnel; changes in legislation or government regulations affecting Uber or Delivery Hero; the potential impact of the transaction on Uber’s business, financial condition and operating results; the ability to complete the proposed transaction on the anticipated terms, including financing terms, timing and conditions; and economic financial, social or political conditions that could adversely affect Uber, Delivery Hero or the proposed transaction. For additional information on other potential risks and uncertainties that could cause actual results to differ from the results predicted, please see Uber’s Annual Report on Form 10-K for the year ended December 31, 2025 and subsequent quarterly reports and other filings filed with the Securities and Exchange Commission from time to time. All information provided in this press release is as of the date of this press release and any forward-looking statements contained herein are based on assumptions that Uber believes to be reasonable as of this date. Uber undertakes no duty to update this information unless required by law.

The tender offer described in the offer document is not being and will not be made, directly or indirectly, in any country or jurisdiction in which it would be considered unlawful or otherwise violate any applicable laws or regulations, or which would require Uber International Technologies II Corporation (the “Bidder”), Uber or any of its subsidiaries to change or amend the terms or conditions of the offer in any material way, to make an additional filing with any governmental, regulatory or other authority or take additional action in relation to the offer. It is not intended to extend the offer to any such country or jurisdiction. Any such documents relating to the offer must neither be distributed in any such country or jurisdiction nor be sent into such country or jurisdiction, and must not be used for the purpose of soliciting the purchase of securities of Delivery Hero by any person or entity resident or incorporated in any such country or jurisdiction.

Restrictions

The distribution of this press release may, in some countries, be restricted by law or regulation. Accordingly, persons who come into possession of this document should inform themselves of and observe these restrictions. To the fullest extent permitted by applicable law, the Bidder and Uber disclaim any responsibility or liability for the violation of any such restrictions by any person. Any failure to comply with these restrictions may constitute a violation of the securities laws of that jurisdiction. Neither Uber nor the Bidder nor any of their respective advisors, assumes any responsibility for any violation by any of these restrictions. Any Delivery Hero shareholder who is in any doubt as to his or her position should consult an appropriate professional advisor without delay.

Information for shareholders of Delivery Hero in the United States

Shareholders of Delivery Hero in the United States are advised that the tender offer will be made for shares in a European Company (Societas Europaea) incorporated under German law and is subject to the statutory provisions of the Federal Republic of Germany on the implementation and conduct of such an offer, as well as certain applicable securities law provisions of the United States. The tender offer will, in particular, be implemented in accordance with (i) the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz, “WpÜG”), WpÜG and the WpÜG Offer Regulation, and (ii) certain applicable securities law provisions of the United States.

Delivery Hero’s shares are not listed on a U.S. securities exchange and Delivery Hero is not subject to the periodic reporting requirements of the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”), and is not required to, and does not, file any reports with the U.S. Securities and Exchange Commission (the “SEC”) thereunder.

The tender offer is expected to be made in the United States pursuant to Section 14(e) and Regulation 14E under the Exchange Act, subject to exemptions provided by Rule 14d-1(d) under the Exchange Act, known as a “Tier II” tender offer, and otherwise in accordance with the requirements of the laws of the Federal Republic of Germany. Accordingly, the tender offer will be subject to disclosure and procedural requirements of German law, certain of which – including with respect to the tender offer timetable, settlement procedures, withdrawal, waiver of conditions and timing of payments – are different from those of the United States. The tender offer will be made to Delivery Hero’s shareholders resident in the United States on the same terms and conditions as those that will be made to all other Delivery Hero shareholders.

To the extent permissible under applicable law or regulations, including Rule 14e-5 of the Exchange Act, Uber, the Bidder and their affiliates or its brokers and its brokers’ affiliates (acting as agents for Uber, the Bidder or their affiliates, as applicable) may from time to time after the date of this presentation and during the pendency of the tender offer, and other than pursuant to the tender offer, directly or indirectly, purchase or arrange to purchase shares of Delivery Hero that are the subject of the tender offer. These purchases may occur either in the open market at prevailing prices or in private transactions at negotiated prices. To the extent any such purchases are made outside the tender offer at a price per share greater than the tender offer price, the offer consideration will be increased, as necessary, to match such higher price. To the extent information about such purchases or arrangements to purchase is made public in Germany, such information will be disclosed by means reasonably calculated to inform U.S. shareholders of Delivery Hero of such information. No purchases will be made outside the tender offer in the United States by or on behalf of Uber. In addition, the financial advisers to Uber may also engage in ordinary course trading activities in securities of Delivery Hero, which may include purchases or arrangements to purchase such securities. To the extent any such financial adviser is acting jointly with the Bidder within the meaning of Section 2 para. 5 of the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz), the offer consideration must be increased, as necessary, to match any higher acquisition price paid outside the tender offer. To the extent required in Germany, any information about such purchases will be made public in Germany in the manner required by German law.

Neither the SEC nor any U.S. state securities commission has approved or disapproved the tender offer, passed upon the merits or fairness of the tender offer, or passed any comment upon the adequacy, accuracy or completeness of the disclosure in relation to the tender offer. Any representation to the contrary is a criminal offence in the United States.

The receipt of cash pursuant to the tender offer by a U.S. holder of Delivery Hero shares may be a taxable transaction for U.S. federal income tax purposes and under applicable U.S. state and local, as well as foreign and other, tax laws. Each holder of Delivery Hero shares is urged to consult its independent professional adviser immediately regarding the tax consequences of accepting the tender offer.

Delivery Hero shareholders domiciled or habitually resident in the United States may face difficulties in enforcing their rights and claims under U.S. federal securities laws because Delivery Hero is domiciled outside the United States and some or all of its directors and officers are domiciled outside the United States. U.S. shareholders may not be able to sue a company incorporated outside the United States or its directors and officers in a court outside the United States for violations of U.S. securities laws. Furthermore, difficulties may arise in enforcing judgments of a U.S. court against a company incorporated outside the United States.

____________________
1		Based on Delivery Hero’s fully diluted shares outstanding of 314 million.
2		Gross Merchandise Value (GMV) used as a proxy for Gross Bookings.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260715826698/en/

Uber

Investors: [email protected]

Press: [email protected]

Delivery Hero

Investors: [email protected]

Press: [email protected]

SSW Partners

Press: [email protected]

KEYWORDS: Germany Europe United States North America California

INDUSTRY KEYWORDS: Other Transport Food/Beverage Fleet Management Retail Transport Automotive Software Internet Logistics/Supply Chain Management Technology Delivery Services Restaurant/Bar Other Automotive Transportation Supermarket Apps/Applications Public Transport Travel

MEDIA:

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BW LPG Limited – Update on BW LPG’s Product Services Q2 2026 Segment Performance

SINGAPORE–(BUSINESS WIRE)–
BW LPG Limited (“BW LPG” or the “Company”, OSE ticker code: “BWLPG.OL”, NYSE ticker code: “BWLP”) today provides an update on its Product Services’ (“BW Product Services”) Q2 2026 segment performance.

Q2 2026 highlights:

• Gross trading result: – USD 19 million

• This includes:
  • USD 127 million realised trading gain

  • – USD 146 million unrealised mark-to-market change

• Net result after general and administrative expenses and income taxes: – USD 31 million

• Average Value-At-Risk (VAR): USD 17 million

• The trading result will form part of the BW LPG Q2 2026 results, which will be released on 28 August 2026

Performance overview:

For the quarter ended 30 June 2026, BW Product Services achieved a realised trading gain of USD 127 million from our portfolio of cargo, freight and hedging transactions. After accounting for the negative change of unrealised mark-to-market valuation of USD 146 million from our open cargo contracts and hedging transactions, BW Product Services reported a gross trading result of approximately minus USD 19 million for the quarter.

After general and administrative expenses and income taxes, BW Product Services reported an estimated net result of approximately minus USD 31 million for the quarter.

The average Value-At-Risk (VAR) for the quarter was approximately USD 17 million. The increase in VAR is primarily driven by a surge in market volatility across our core product exposures.

Says Kristian Sørensen, Chief Executive Officer, “The Q2 trading environment was significantly impacted by continued geopolitical turbulence in the Middle East and considerable fluctuations in the LPG prices. Hence, I am very pleased to report a strong realisation of USD 127 million from our trading activities in Q2, which brings the combined Q1 and Q2 realised trading result to about USD 117 million. Since we ended Q1 with a record high valuation of our forward trading portfolio, a negative mark-to-market adjustment was expected as the US/ Asia LPG arbitrage narrowed towards the end of Q2. We remain committed to maintaining a well-balanced trading portfolio which remains firmly net positive thanks to active risk management by the BW Product Services team.”

About BW LPG

BW LPG is the world’s leading owner and operator of LPG vessels, with a fleet of about 50 Very Large Gas Carriers (VLGCs), including over 20 vessels powered by LPG dual-fuel propulsion technology. Building on over five decades of LPG shipping experience, the company is strengthened by an in-house LPG trading division and the commercial expertise to explore investments in value chain assets. Together, these capabilities enable BW LPG to provide trusted and reliable services for sourcing and delivering LPG to customers worldwide. Delivering energy for a better world – more information about BW LPG can be found at www.bwlpg.com.

BW LPG is associated with BW Group, a leading global energy and maritime company involved in shipping, deepwater oil & gas production, renewable energy and digital infrastructure. BW controls a fleet of over 400 vessels transporting oil, gas and dry commodities. In the infrastructure space, the group operates in wind, batteries, water, subsea cable networks and data centres. www.bw-group.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20260715387037/en/

For further information, please contact:

Kristian Sørensen, Chief Executive Officer

Samantha Xu, Chief Financial Officer

E-mail: [email protected]

KEYWORDS: Singapore Southeast Asia Asia Pacific

INDUSTRY KEYWORDS: Maritime Technology Oil/Gas Transport Batteries Alternative Energy Energy

MEDIA:

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VeeaWare middleware now runs on NVIDIA Jetson, x86- and Arm-based servers — VeeaONE nodes bring local context, ultra-low latency, privacy and cost efficiency to agentic AI applications

Atkore Inc. Announces Third Quarter Fiscal Year 2026 Earnings Release Date and Conference Call

HARVEY, Ill.–(BUSINESS WIRE)–
Atkore Inc. (the “Company”) (NYSE: ATKR), a leading manufacturer of electrical products for commercial, industrial, data center, and solar applications, today announced that the Company will release its Third Quarter Fiscal Year 2026 results before the market opens on Tuesday, August 4, 2026. The Company will hold a conference call to discuss the results at 8:00 a.m. (ET) that same day.

Conference Call Information
Dial In:		888-330-2446 (US & Canada)
		+1-240-789-2732 (International)
Conf ID:		5592214

Interested investors and other parties can listen to a webcast of the live conference call by logging onto the Investor Relations section of the Company’s website at https://investors.atkore.com/investors/events-and-presentations/default.aspx. The online replay will be available on the same website following the call.

A telephonic replay will be available approximately three hours after the call. The replay will be available until 11:59 p.m. (ET) on Tuesday, August 18, 2026.

Replay Information
Dial In:		+1(800) 770-2030 (US & Canada)
		+1(609) 800-9909 (International)
Conf ID:		5592214

To learn more about Atkore Inc. please visit the company’s website at https://investors.atkore.com/overview/default.aspx.

About Atkore Inc.

Atkore is a leading manufacturer of electrical products for commercial, industrial, data center, and solar applications. With 5,400 employees and $2.9B in sales in fiscal year 2025, we deliver sustainable solutions to meet the growing demands of electrification and digital transformation. To learn more, please visit www.atkore.com.

Dissemination of Company Information

Atkore intends to make future announcements regarding company developments and financial performance through its website, www.atkore.com, as well as through press releases, filings with the Securities and Exchange Commission, conference calls, media broadcasts, and webcasts.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260715187729/en/

Media Contact:

Lisa Winter

Vice President – Communications

708-225-2453

[email protected]

Investor Contact:

Matthew Kline

Vice President – Treasury & Investor Relations

708-225-2116

[email protected]

KEYWORDS: Illinois United States North America

INDUSTRY KEYWORDS: Other Manufacturing Technology Telecommunications Manufacturing Alternative Energy Energy Machinery Electronic Design Automation Data Management

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Standard Nuclear Announces Pricing of its Initial Public Offering

OAK RIDGE, Tenn.–(BUSINESS WIRE)–
Standard Nuclear, Inc. (“Standard Nuclear” or the “Company”), a reactor-agnostic producer of TRISO nuclear fuel, today announced the pricing of its initial public offering (“IPO”) of 10,000,000 shares of its Class A common stock at a public offering price of $15.00 per share. Standard Nuclear has also granted the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of its Class A common stock at the initial public offering price, less underwriting discounts and commissions.

The shares of Class A common stock are expected to begin trading on the New York Stock Exchange on July 16, 2026, under the ticker symbol “STDN.” The offering is expected to close on July 17, 2026, subject to the satisfaction of customary closing conditions.

BofA Securities and Goldman Sachs & Co. LLC are acting as joint lead bookrunning managers for the offering. Barclays, UBS Investment Bank, Evercore ISI, RBC Capital Markets, William Blair and Stifel are acting as additional bookrunning managers for the offering.

A registration statement relating to these securities has been filed with and was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on July 15, 2026 (the “Registration Statement”). The offering of these securities is being made only by means of a prospectus. When available, copies of the final prospectus relating to the offering may be obtained via EDGAR on the SEC’s website at www.sec.gov. Alternatively, copies may be obtained from: BofA Securities, Inc., at 201 North Tryon Street, Charlotte, NC 28255-0001; Attn: Prospectus Department; email: [email protected]; or Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at (866) 471-2526, or by email at [email protected].

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.

About Standard Nuclear

Standard Nuclear’s mission is to reliably deliver the essential building blocks of nuclear power at scale – enabling cost-effective, safe, and secure energy for the world. Supported by leading U.S. defense technology and critical infrastructure investment firms, Standard Nuclear is focused on the large-scale production of advanced nuclear fuel and radioisotope power systems. It is the nation’s only independent manufacturer of TRISO fuel – a robust, high-performance fuel essential to advanced nuclear reactors for terrestrial, national security, and space applications. Standard Nuclear offers a reactor-agnostic supply of advanced fuels to the next-generation nuclear industry and delivers dependable radioisotope power solutions to the space and defense sectors. Through these efforts, it is helping to eliminate U.S. reliance on geopolitical adversaries for these strategically vital technologies.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260715534608/en/

Media:

[email protected]

KEYWORDS: Tennessee United States North America

INDUSTRY KEYWORDS: Nuclear Alternative Energy Energy Utilities

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NUBURU Announces $38.0 Million Public Offering Priced at Approximately 30% Premium to Advance Tekne Acquisition and Retire Outstanding Indebtedness

Proceeds expected to satisfy Golden Power requirements for NUBURU’s proposed acquisition of a 70% controlling interest in Tekne and eliminate recurring equity-line debt-service issuances

DENVER–(BUSINESS WIRE)–
NUBURU, Inc. (NYSE American: BURU), a next-generation dual-use Defense & Security integrated platform company, today announced the pricing of a best-efforts public offering expected to generate gross proceeds of approximately $38.0 million, before deducting placement agent fees and other offering expenses.

The offering consists of an aggregate of 244,372,984 shares of common stock and/or pre-funded warrants to purchase shares of common stock, together with accompanying shares of Series B Preferred Stock. The combined public offering price is $0.1555 per share of common stock and accompanying Series B Preferred Stock, or $0.1554 per pre-funded warrant and accompanying Series B Preferred Stock, reflecting the $0.0001 exercise price of each pre-funded warrant. The $0.1555 combined public offering price represents approximately 30% premium to the $0.1199 closing price of NUBURU common stock on July 15, 2026. The offering was led by a New York-based single-family office, with participation from other well-known accredited investors and family offices.

The offering is expected to close on or about July 16, 2026, subject to the satisfaction of customary closing conditions. Joseph Gunnar & Co., LLC is acting as the exclusive placement agent for the offering.

Strategic Use of Proceeds

NUBURU intends to use the net proceeds from the offering to:

• satisfy the financial-assurance requirements associated with the Italian Government Golden Power review and position NUBURU to complete its previously announced proposed acquisition of a 70% controlling interest in Tekne S.p.A. (“Tekne”), subject to Golden Power clearance and the other closing conditions;

• redeem the approximately $15.5 million remaining principal amount of the outstanding December 2025 debenture, which matures in December 2026, and pay $1.25 million of convertible notes issued in connection with the Lyocon acquisition;

• eliminate the recurring monthly amortization and related equity-line share-issuance pressure associated with the outstanding debenture and halt use of the Company’s equity line for at least 90 days, subject to the terms and exceptions in the definitive offering agreements; and

• support acquisition, working-capital and near-term execution requirements for NUBURU’s integrated Defense & Security platform.

Offering and Prospectus Information

The securities are being offered by NUBURU pursuant to an effective registration statement on Form S-1 filed with the U.S. Securities and Exchange Commission (the “SEC”). A final prospectus relating to and describing the final terms of the offering will be filed with the SEC and will be available on the SEC’s website at www.sec.gov.

Copies of the final prospectus may also be obtained, when available, from Joseph Gunnar & Co., LLC, Attn: Syndicate Department, 40 Wall Street, 30th Floor, New York, NY 10005, by telephone at (212) 440-9600 or by e-mail at [email protected].

This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

About NUBURU, Inc.

NUBURU, Inc. (NYSE American: BURU) is a next-generation dual-use Defense & Security integrated platform company delivering software-orchestrated, hardware-enabled capabilities for defense and security, critical-infrastructure and digital-resilience markets. Its platform strategy includes directed-energy and non-kinetic effects, electronic warfare and CEMA, defense mobility, operational-resilience software and advanced deployable manufacturing.

NUBURU is focused on strengthening its capital structure, integrating strategic investments and converting its opportunity pipeline into contractual orders and sustained revenue growth. For more information, please visit www.nuburu.net/investor-relations and follow NUBURU on X at https://x.com/nuburulasers and on LinkedIn at https://www.linkedin.com/company/nuburu.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, statements regarding the expected closing of the offering; anticipated gross and net proceeds; the intended use of proceeds; repayment of the outstanding debenture and Lyocon notes; the expected reduction in equity-line usage and recurring share issuances; the Golden Power process and proposed Tekne acquisition; the expected consolidation and contribution of Tekne’s operations and financial results; the conditional mandatory-conversion payment feature of the Series B Preferred Stock and potential additional cash proceeds; the Company’s capital structure, liquidity, platform execution and shareholder-value objectives; and the expected benefits of the Company’s Defense & Security transformation plan.

These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially, including failure to satisfy closing conditions; changes in the final allocation, classification or accounting treatment of the offered securities; the dilutive effect of the offering and future conversions or issuances; failure of the conditions required for a mandatory conversion payment to occur; the possibility that Series B Preferred Stock may convert without additional cash proceeds; insufficient authorized shares or failure to obtain stockholder approval; inability to redeem indebtedness or halt equity-line usage as expected; delay, conditions or denial in the Golden Power process; failure to complete, consolidate or integrate Tekne; differences between expected and actual operating results; inability to satisfy NYSE American continued-listing standards; liquidity and capital-market risks; and other risks described in NUBURU’s filings with the SEC. NUBURU undertakes no obligation to update any forward-looking statement except as required by law.

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KEYWORDS: Colorado Europe United States Italy North America

INDUSTRY KEYWORDS: Contracts Defense

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