Nuburu wins Italian Golden Power clearance for planned 70% Tekne acquisition

Reuters2026/08/05 12:30

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Nuburu secured Italian government clearance for its planned purchase of a 70% controlling stake in defense contractor Tekne.
The deal targets closing within 30 days, subject to remaining funding, governance, and closing steps.
Terms include a capital increase equivalent to about USD 34.1 million for 57.1%, plus about USD 6 million cash for an additional 10%.
Nuburu has provided about USD 23.7 million in shareholder loans to Tekne, with amounts to be reconciled at closing.
Tekne has about 180 staff and an updated signed order portfolio with about USD 108.7 million of normalized residual value.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nuburu Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260805908039) on August 05, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Nuburu wins Italian Golden Power clearance for planned 70% Tekne acquisition

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