NUBURU Confirms Closing Funds in Place for Tekne Acquisition and Approximately $135.4 Million in Net Remaining Order Value

NUBURU confirmed it holds all funds required to close its acquisition of a 70% controlling interest in Tekne S.p.A., with no additional capital raise needed and completion targeted for the first week of October 2026. The Italian Government's Golden Power authorization was secured on August 5, 2026, and remaining steps include incorporating Nuburu Defense Italy S.r.l., a Tekne shareholders' vote on the capital increase, and notarial formalities. Tekne management reported approximately $135.4 million in net remaining order value, after excluding roughly $12.6 million of orders flagged for elevated cancellation risk; the company cautions this is not GAAP revenue or funded backlog.

AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.