NUBURU Targets October 15 Closing for Tekne Acquisition After Golden Power Approval

Business Wire··ITUS·Read original
3▲1 ▼0Impact / 5
Summary · why it matters

NUBURU, Inc. is targeting October 15, 2026 for the notarial meeting to complete its acquisition of a 70% controlling interest in Tekne S.p.A. through NUBURU Defense Italy S.r.l. The Italian Government granted Golden Power authorization on August 5, 2026, and NUBURU Defense Italy has been incorporated, clearing the transaction's principal regulatory and structural milestones. Completion remains subject to remaining corporate approvals, notarial formalities and final documentation, along with compliance with the conditions of the Golden Power authorization, updating the first-week-of-October timetable announced on September 22, 2026. Tekne, founded in 1990 with operations in Ortona, Poggiofiorito and Guastalla, brings approximately 185 personnel and, as previously disclosed, approximately $135.4 million in preliminary, unaudited net remaining order value covering 100% of Tekne, a figure that is not U.S. GAAP revenue, a measure of funded backlog or financial guidance. NUBURU Defense Italy, fully controlled by NUBURU Defense LLC, will serve as the Italian sub-holding through which NUBURU Defense LLC holds and manages its controlling interest in Tekne following completion.

Impact on assets 2

Industrials▲
Nuburu Inc.
BURU
▲ PositiveCapitalrelevance

NUBURU targets October 15 closing for its acquisition of a 70% controlling interest in Tekne after securing Italian Golden Power approval, advancing the M&A deal.

Energy Transition & Power Demand▲

Off-coverage companies 1

Tekne S.p.A.i
Private▲ PositiveCapitalrelevance

Tekne is the acquisition target, with NUBURU moving toward closing its purchase of a 70% controlling stake following Golden Power approval.