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Nuburu announces initial stake in Tekne, U.S. joint venture launch
TipRanks350d agoneutral
Nuburu announces initial stake in Tekne, U.S. joint venture launch

Nuburu (BURU) announced the successful execution of the first milestone under the phased acquisition plan for Tekne established following formal notice received from the Italian government under the “Golden Power” framework. 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 and agreed to an action plan that, by utilizing the Luxembourg investment vehicle TCEI, will pave