Bullish indicating open at $55-$60, IPO prices at $37
CENTENNIAL, Colo. - NUBURU, Inc. (NYSE American: BURU), a micro-cap company currently valued at $0.55M and trading at $0.15 per share, known for its high-power blue laser technology, is in the process of acquiring Tekne S.p.A., a company specializing in electronic warfare and cyber capabilities within military vehicles. According to InvestingPro data, NUBURU has experienced significant volatility, with the stock down 97.3% over the past year. The acquisition is part of NUBURU’s strategy to enter the defense sector and is contingent upon approval from regulatory bodies and stockholders.
Tekne, which boasts annual revenues of $50 million and a research and development team of 70 engineers and technicians, has expertise in telecommunications, electronic, and cyber warfare. This acquisition could potentially boost NUBURU’s current revenue stream, which InvestingPro reports at just $0.06M for the last twelve months, with an EBITDA of -$16.53M. The company also provides advanced vehicle protection systems and has a history of supplying jammer technology. Their partnership with US Flyer Defense underscores their commitment to innovation and their role in the global defense industry.
This acquisition is expected to complement NUBURU’s existing technology, potentially creating new revenue streams and operational efficiencies. NUBURU’s Executive Chairman, Alessandro Zamboni, remarked on the targeted acquisition, highlighting the alignment with the company’s growth strategy and the aim to address complex security challenges in the defense industry.
The deal is also seen as a way for NUBURU to leverage Tekne’s strong order backlog, which totals $309 million, and to explore new business models. This move is anticipated to enhance shareholder value and position NUBURU for growth in a market that demands increasingly sophisticated technological solutions.
While the press release contains forward-looking statements, it is important to note that these are based on current expectations and are subject to change. The acquisition is still pending necessary approvals and the completion of regulatory processes. For deeper insights into NUBURU’s financial health and 11 additional key ProTips, consider subscribing to InvestingPro, which currently rates the company’s overall financial health as ’WEAK’ with a score of 0.66.
This news is based on a press release statement from NUBURU, Inc.
In other recent news, NUBURU, Inc. announced plans to raise $100 million through a Form S-3 Registration statement to support its acquisition strategy, including the purchase of a Defense & Security Hub. This acquisition is expected to contribute significantly to the company’s revenue by 2025, pending regulatory and shareholder approvals. Additionally, NUBURU is set to restate its financial statements for the year ended December 31, 2023, and the interim periods of 2024 due to misstatements related to debt issuance costs and convertible notes. The restatements aim to correct these errors and will be reflected in the company’s annual report for 2024.
The company is also forming a strategic working group to enhance its Blue-Laser Business Unit, part of a broader initiative to strengthen its position in the defense sector. NUBURU has ended its partnership with HUMBL, Inc., focusing instead on defense and security, which aligns with its strategic vision. The company continues to advance its defense and AI capabilities through partnerships, including a Joint-Pursuit Agreement with a defense-tech firm and a collaboration with COEPTIS’ NexGenAI Affiliates Network. These developments reflect NUBURU’s ongoing efforts to innovate and expand in high-growth sectors.
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