BitMine stock falls after CEO change and board appointments
CENTENNIAL, Colo. - Nuburu, Inc. (NYSE American:BURU), a blue-laser technology company expanding into defense and security, announced Friday it has completed the first phase of its planned acquisition of Orbit S.r.l., an Italian defense-grade software company. The micro-cap company, with a market capitalization of just $1.2 million, has seen its stock surge 129.57% over the past six months despite falling 15.57% in the past week, according to InvestingPro data.
Nuburu Defense LLC has secured a 10.7% equity position in Orbit through an initial $1.5 million capital infusion. The company plans a further $3.5 million investment to gain majority ownership of Orbit, which specializes in operational resilience and crisis management software for mission-critical organizations. This investment comes as Nuburu operates with concerning liquidity metrics, with InvestingPro data showing short-term obligations exceeding liquid assets and an extremely low current ratio of 0.04.
The acquisition represents Nuburu’s strategic expansion beyond hardware into recurring-revenue software technologies. According to the company, the market for operational resilience and crisis-readiness technologies is projected to reach $2.9-$3.6 billion in 2025, with over 10% annual growth.
Orbit’s platform combines real-time impact analytics, crisis communications, and IT ecosystem mapping for environments requiring automation and security. Nuburu expects to integrate this technology with its recently announced drone joint venture with Maddox Defense Incorporated.
"Stage-one completion of the Orbit acquisition is a foundational step in Nuburu’s transformation into a diversified defense-resilience technology company," said Alessandro Zamboni, Executive Chairman and Co-CEO of Nuburu.
The transaction involves a related-party element, as Orbit was wholly owned by Zamboni before the acquisition. The $12.5 million total consideration includes a $2.4 million net cash advance to Orbit’s owner, with the remaining balance to be settled through Nuburu equity securities by the end of 2026, subject to stockholder approval.
The company stated that independent non-executive directors approved the transaction after review by an external financial advisor who provided pricing analysis.
Based on a company press release, Nuburu is positioning itself to expand in defense-tech, security, and critical infrastructure resilience markets through internal innovation and strategic acquisitions.
In other recent news, Nuburu Inc. has announced several significant developments. The company disclosed a binding agreement to acquire Orbit S.r.l., an Italian software firm specializing in operational resilience and crisis management. This acquisition, executed through Nuburu Defense LLC, involves a phased transaction totaling $12.5 million, marking a strategic expansion into software-driven resilience solutions. Additionally, Nuburu has entered into a Strategic Framework Agreement with Maddox Defense Incorporated to establish a joint venture focused on advanced drone systems for military and commercial applications. This venture estimates the NATO UAV defense market opportunity at $7-$10.3 billion annually.
However, Nuburu has also faced compliance challenges. The company received a warning letter from NYSE American LLC for failing to provide required advance notification before announcing a dual-CEO structure, violating Section 401(a) of the NYSE American Company Guide. Despite these challenges, these recent developments highlight Nuburu’s strategic efforts in expanding its market presence and capabilities.
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