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CENTENNIAL, Colo. - Nuburu, Inc. (NYSE American:BURU), a company focused on blue laser technology, has detailed its strategy to build a comprehensive Defense & Security Hub in a letter to shareholders released Tuesday.
The company highlighted the formation of an 80/20 U.S. joint venture between Nuburu Defense, LLC and Italy’s Tekne S.p.A. The joint venture aims to serve markets in the Americas, Asia-Pacific region, and NATO countries, leveraging Tekne’s existing $7.5 million in non-Italian orders. This strategic move comes as Nuburu faces significant financial challenges, with InvestingPro data showing a concerning current ratio of 0.04 and a weak overall financial health score.
Executive Chairman Alessandro Zamboni stated that the company is "fully committed to delivering on the milestones we have communicated over the past 6 months" and indicated that upcoming financing announcements would support the company’s transformation agenda.
The joint venture will benefit from Tekne’s recently announced strategic alliance with Flyer Defense, which will focus on delivering high-mobility defense solutions, starting with the Flyer 72-HD vehicle.
In the shareholder letter, Zamboni outlined a financing strategy that prioritizes "stability and alignment" with investors who share the company’s vision, while avoiding structures that could "undermine shareholder value." This focus on financial stability comes at a crucial time, as InvestingPro analysis reveals the company’s revenue has declined by 98.68% over the last twelve months. InvestingPro subscribers have access to 13 additional key insights about Nuburu’s financial position and market performance.
Originally founded in 2015 as a blue laser technology developer, Nuburu is expanding into defense technology, security, and critical infrastructure resilience under Zamboni’s leadership. The company aims to build long-term growth across government and enterprise markets.
The announcement comes as Nuburu works to establish what it describes as a "capital foundation" to drive its transformation into a defense and security technology provider. The information was provided in a company press release.
In other recent news, Nuburu Inc. has announced modified terms for its planned acquisition of Italian company Tekne S.p.A., following feedback from the Italian government’s "Golden Power" review. The company has already acquired an initial 3% stake in Tekne, marking the first step in a phased acquisition plan. Nuburu aims to complete the full acquisition by the fourth quarter of 2025, with the process unfolding in three phases. Additionally, Nuburu has established a U.S.-based defense joint venture with Tekne, which will work on $7.5 million in existing contracts for special vehicles outside Italy.
In another development, the NYSE American LLC has accepted Nuburu’s compliance plan, extending the company’s listing through October 29, 2026. This comes after Nuburu was notified of non-compliance due to a stockholders’ deficit and losses in the two most recent fiscal years. Furthermore, during its 2025 Annual Meeting of Stockholders, Nuburu’s shareholders approved several proposals, including a share increase and a reverse split. Alessandro Zamboni was elected as a Class III director with significant support from stockholders.
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