NUBURU Chairman to Shareholders: Tekne Closing Delivers Operating Defense Platform. October 15 Form S-3 Raises No New Capital

NUBURU closed its acquisition of a 70% controlling interest in Tekne S.p.A. on October 15, adding roughly 185 personnel, three Italian facilities, and approximately $93.1 million (€80.6 million) of remaining program value to its defense and security platform. The chairman's letter stresses that the same-day Form S-3 raises no new capital — it only registers the resale of up to 20 million shares tied to the July Series B preferred offering, proceeds of which repaid about $16.75 million of debenture and Lyocon note obligations.

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