{"id":1005053,"date":"2026-09-22T11:33:17","date_gmt":"2026-09-22T15:33:17","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/nuburu-confirms-closing-funds-in-place-for-tekne-acquisition-and-approximately-135-4-million-in-net-remaining-order-value\/"},"modified":"2026-09-22T11:33:17","modified_gmt":"2026-09-22T15:33:17","slug":"nuburu-confirms-closing-funds-in-place-for-tekne-acquisition-and-approximately-135-4-million-in-net-remaining-order-value","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/nuburu-confirms-closing-funds-in-place-for-tekne-acquisition-and-approximately-135-4-million-in-net-remaining-order-value\/","title":{"rendered":"NUBURU Confirms Closing Funds in Place for Tekne Acquisition and Approximately $135.4 Million in Net Remaining Order Value"},"content":{"rendered":"

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NUBURU Confirms Closing Funds in Place for Tekne Acquisition and Approximately $135.4 Million in Net Remaining Order Value<\/b><\/p>\n

Golden Power authorization secured; completion targeted for the first week of October as NUBURU prepares expansion across U.S., NATO and allied markets<\/i><\/p>\n

DENVER–(BUSINESS WIRE<\/a>)–NUBURU, Inc.<\/b> (NYSE American: BURU), a next-generation dual-use Defense & Security integrated platform company, today confirmed that it holds the funds required to complete its acquisition of a 70% controlling interest in Tekne S.p.A. (\u201cTekne\u201d) and requires no additional capital raise to close. Following the Italian Government\u2019s Golden Power authorization on August 5, 2026, the parties are working toward completion in the first week of October 2026, subject to the remaining corporate approvals and closing formalities. Tekne management has reported approximately $135.4 million in net remaining order value. NUBURU and Tekne are also preparing their U.S. and broader NATO and allied-market expansion, building on Tekne\u2019s existing commercial pipeline and global partner network.<\/p>\n

\u201cTekne brings an operational track record: Graelion vehicles are operating in Italy, serving fire brigades in Germany and supporting Ukraine\u2019s State Emergency Service in demining operations, while its Tactical Bubble electronic-warfare systems have been adopted by Italian military forces and attracted interest from NATO countries and international defense-technology partners,\u201d said Alessandro Zamboni, Executive Chairman and Co-Chief Executive Officer of NUBURU. \u201cWith the capital required to close in place, we are targeting the first week of October. Our focus is to convert Tekne\u2019s orders into deliveries and cash, integrate its technologies with our laser and software capabilities, and work with local partners to bring NUBURU\u2019s Defense & Security platform to customers internationally.\u201d<\/i><\/p>\n

Closing Preparations Following Golden Power Authorization<\/b><\/p>\n

\nThe Italian Government granted Golden Power authorization for the transaction on August 5, 2026. The remaining steps include the incorporation of Nuburu Defense Italy S.r.l. (\u201cNDI\u201d), which will initially serve as the operating holding company under NUBURU Defense LLC; the Tekne shareholders\u2019 meeting to approve the capital increase; and completion of the notarial formalities to give effect to the resulting shareholdings, together with the associated governance appointments and final documentation. The parties are working toward completion in the first week of October 2026. That timing remains subject to agreement among the parties and completion of these steps, and NUBURU will announce the closing separately.<\/p>\n

\nProceeds from NUBURU\u2019s completed public offering have been applied to the Tekne acquisition. NUBURU has provided an additional EUR 7 million to Tekne toward the EUR 9 million funding requirement for closing. NUBURU has the capital required to satisfy its remaining obligations at acquisition closing, and no additional capital raise is required to close. NUBURU continues to provide support to Tekne for ongoing operations and its production ramp-up, prioritizing essential suppliers, manufacturing and customer acceptance, and alignment of production expenditures with expected customer receipts. Subsequent production, working-capital and expansion requirements will be addressed through Tekne\u2019s industrial plan and the NUBURU group\u2019s financing plans, including planned partnerships with local banks aimed at optimizing the cost of capital and pursuing non-dilutive funding solutions.<\/p>\n

Approximately $135.4 Million in Net Remaining Order Value<\/b><\/p>\n

\nAs previously reported, Tekne management identified approximately $148.0 million (EUR 129.0 million) in active remaining order value. After excluding approximately $12.6 million (EUR 11.0 million) identified as presenting elevated cancellation risk, net remaining order value was approximately $135.4 million (EUR 118.0 million). These preliminary, unaudited figures cover 100% of Tekne, and NUBURU would begin consolidating Tekne only after completion of the acquisition of its 70% controlling interest. The prospective military Graelion opportunities in Ukraine previously disclosed to the market by the Company are additional to, and are not included in, that figure.<\/p>\n

\nThe order-value measure is not U.S. GAAP revenue, a measure of funded backlog or financial guidance. Realization depends on production, delivery, customer acceptance and collection, and orders may be modified, delayed or cancelled.<\/p>\n

General Pietro Serino to Become Tekne Chairman Following Closing<\/b><\/p>\n

\nGeneral Pietro Serino, former Chief of Staff of the Italian Army and a strategic adviser to NUBURU Defense, has signed a commitment letter to serve as Chairman of Tekne upon closing. That commitment formed part of the Golden Power notification submitted to the Italian Government, and his appointment remains subject to the required corporate resolutions at closing. Working with Tekne management and NUBURU, General Serino is expected to support Tekne\u2019s expansion across NATO and partner markets and the integration of Tekne\u2019s electronic-warfare and special-vehicle capabilities with Lyocon\u2019s laser and photonics technologies and Orbit\u2019s software. Orbit\u2019s defense deconfliction module remains under development, and integrated offerings remain subject to technical validation and customer requirements.<\/p>\n

Tekne\u2019s International Footprint and U.S. Expansion<\/b><\/p>\n

\nGraelion already has an international operational footprint beyond Italy. In Germany, Graelion vehicles serve fire brigades in Heidelberg and Lorsbach, supporting firefighting and rescue operations in challenging terrain. In Ukraine, Graelion-based PM-L vehicles built by Pozhmashina support the State Emergency Service\u2019s bomb-disposal and demining teams. These deployments demonstrate the platform\u2019s use across civil-protection and emergency-response missions and provide operational references for NUBURU\u2019s planned expansion into U.S. and other international markets.<\/p>\n

\nNUBURU is evaluating several sites for a commercial office and demonstration facility in the Washington defense corridor, with an opening targeted for the first quarter of 2027. The facility is intended to house and maintain demonstration equipment, including the Graelion tactical vehicle and the Tactical Bubble mission-integration system, supported by Tekne\u2019s engineering and technical personnel in Italy. Relocation of demonstration equipment to the United States remains subject to applicable export, import and licensing authorizations.<\/p>\n

\nNUBURU intends to build a U.S. task force alongside local partners, building on its existing contractual joint venture with Maddox Defense Incorporated. Initial product priorities include J4 electronic-warfare and counter-unmanned aircraft systems (counter-UAS), the Tactical Bubble mission-integration platform, and tactical and special vehicles such as Graelion. Planned activities include engagement with military end users, federal agencies and prime contractors; product demonstrations and operator training; and responses to requests for information, requests for proposals and eligible tenders. Implementation remains subject to applicable import, export, security and procurement requirements, customer participation and the resources allocated to each phase.<\/p>\n

About NUBURU, Inc.<\/b><\/p>\n

\nNUBURU, Inc. (NYSE American: BURU) is a next-generation dual-use Defense & Security integrated platform company developing software-orchestrated, hardware-enabled capabilities for defense and security, critical infrastructure and digital-resilience markets. Its strategy combines modular capabilities across four areas:<\/p>\n