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CENTENNIAL, Colo. - Nuburu, Inc. (NYSE American:BURU), currently trading at $0.16 with a market capitalization of $0.59 million, has acquired an initial 3% stake in Italian company Tekne S.p.A., marking the first milestone in its phased acquisition plan under Italy’s Golden Power regulatory framework. According to InvestingPro data, the company has faced significant challenges, with its stock down over 75% year-to-date.
The blue laser technology company has established a U.S.-based defense joint venture with Tekne that will immediately begin work on $7.5 million in existing contracts for special vehicles outside Italy.
According to the company’s press release statement, the joint venture has three primary objectives: delivering on Tekne’s non-Italian contract backlog, manufacturing Tekne’s product lines for the Americas market, and developing new defense technologies that combine Tekne’s licenses with Nuburu’s blue laser platform.
"This joint venture transforms the phased acquisition plan into a revenue-generating reality," said Alessandro Zamboni, Executive Chairman of Nuburu.
The binding agreement between the companies outlines a path for Nuburu Defense to eventually acquire a 70% controlling interest in Tekne. The deal includes commitments to finance up to €40 million in Tekne’s working capital needs over the next 12 months.
Nuburu has engaged Anthony Sinnott, a retired U.S. Marine Corps officer and former Department of Defense senior advisor, as a strategic consultant to support the execution of this plan.
The company indicated it will file a renewed Golden Power notification to progress toward majority ownership in compliance with Italian regulatory requirements.
This acquisition represents part of Nuburu’s broader strategy to expand into defense technology, security, and critical infrastructure resilience markets through a combination of internal innovation and strategic acquisitions. InvestingPro analysis reveals the company’s overall financial health score is rated as WEAK, with revenue declining by 96.57% in the last twelve months. Subscribers can access 12 additional ProTips and comprehensive financial metrics to better understand the company’s strategic positioning.
In other recent news, Nuburu Inc. has announced significant developments concerning its acquisition of Italian company TEKNE S.p.A. The acquisition will proceed in phases, starting with a minority investment, followed by a joint venture in the U.S., and culminating in a full acquisition by the end of 2025. This acquisition is part of Nuburu’s strategic shift into defense and security markets, with TEKNE’s "Tactical Bubble" communication system expected to generate over €50 million in revenue for the Italian Ministry of Defense. Additionally, Nuburu has received approval from NYSE American for its compliance plan, extending its listing through October 2026 despite previous non-compliance issues due to financial deficits.
At its 2025 Annual Meeting of Stockholders, Nuburu reported that shareholders approved several key proposals, including an increase in authorized share capital and a reverse stock split. These measures are part of the company’s financing strategy aimed at transforming into a defense-tech enterprise. The election of Alessandro Zamboni as a Class III director was also confirmed during the meeting. Nuburu’s stockholders have ratified financing agreements to address the company’s working capital needs, further supporting its strategic pivot. These developments underscore Nuburu’s ongoing efforts to strengthen its position in the defense technology sector.
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