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CENTENNIAL, Colo. - Nuburu Inc. (NYSE American:BURU), currently trading at $0.23 and showing a market capitalization of under $1 million, announced Thursday that its planned acquisition of Italian company TEKNE S.p.A. will move forward through a phased approach following guidance from the Italian government under its Golden Power framework. According to InvestingPro data, the company’s stock has experienced significant volatility, declining over 92% in the past year.
The blue laser technology company refuted media reports suggesting the acquisition had been blocked, stating that it will instead implement a three-phase strategy beginning with a minority investment in TEKNE, followed by the establishment of a U.S.-based joint venture, and culminating in a full acquisition targeted for Q4 2025. With a concerning current ratio of 0.03, as revealed by InvestingPro analysis, the company faces significant liquidity challenges that could impact its acquisition strategy.
"We are deeply concerned by the reckless and negative reporting that appeared in the Italian press today," said Alessandro Zamboni, Executive Chairman of Nuburu, adding that these reports "caused unnecessary panic among investors."
The initial phase will involve Nuburu making an immediate minority, non-controlling investment in TEKNE to support working capital needs and defense-related contracts. The second phase, planned for Q4 2025, will establish a U.S.-based joint venture owned 80% by Nuburu and 20% by TEKNE to develop blue-laser-based defense solutions.
The final phase, also targeted for Q4 2025, would complete the full acquisition, subject to further regulatory clearance from the Italian government and stockholder approval.
Nuburu noted that TEKNE has approximately €67.4 million in orders already committed by the Italian Minister of Defense, highlighting the strategic importance of the acquisition. This potential revenue stream could significantly impact Nuburu’s financial position, which currently shows annual revenue of just $0.06 million and negative EBITDA of $16.53 million. InvestingPro subscribers can access over 10 additional key financial metrics and insights about Nuburu’s growth potential.
The company also confirmed plans to acquire an operational resilience SaaS platform in the coming months as part of its expansion into defense technology, security, and critical infrastructure resilience.
This announcement represents a significant step in Nuburu’s strategic shift from solely manufacturing industrial blue laser technology to building a broader defense and security technology platform, according to the company’s press release statement. The company’s overall financial health score currently stands at "WEAK" based on InvestingPro’s comprehensive analysis, suggesting significant challenges ahead in executing this strategic transformation.
In other recent news, NUBURU, Inc. has made significant strides in its strategic transformation. The company has secured a $100 million equity purchase agreement with YA II PN, Ltd., which will allow it to sell shares until 2028. This funding is intended to support NUBURU’s growth initiatives, including a potential acquisition of a controlling interest in Tekne S.p.A., an Italian defense technology company. The acquisition is progressing through Italy’s Golden Power review process and is part of NUBURU’s plan to pivot towards defense and security markets.
Additionally, NUBURU’s stockholders have approved key proposals at the company’s 2025 Annual Meeting, including a share increase and reverse stock split, as well as financing strategies to support the company’s defense-tech focus. The election of Alessandro Zamboni as a Class III director was also ratified during the meeting. Furthermore, the NYSE American LLC has accepted NUBURU’s compliance plan, extending the company’s listing through October 2026, despite previous non-compliance due to financial deficits.
These developments highlight NUBURU’s efforts to address its working capital needs and align its operations with its new strategic direction.
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