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Nuburu announces initial stake in Tekne, U.S. joint venture launchNuburu (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
Insider Monkey441d agoneutral
Nuburu (BURU) Announces Potential Acquisition of Tekne to Advance its Defense TechnologyOn May 22, Nuburu, Inc. (NYSEAMERICAN:BURU) announced its plan to acquire Tekne S.p.A. to advance its defense-related technologies. The company noted the acquisition is anticipated to immediately enhance Nuburu, Inc.’s (NYSEAMERICAN:BURU) revenue streams to $50 million. The company plans to integrate its proprietary blue laser technology with TEKNE’s advanced defense solutions, to deliver tailored products […]