NUBURU Files Golden Power Notification for Majority Acquisition of Tekne, Launching Formal Review by the Italian Government
NUBURU has submitted the Golden Power notification to the Italian Government for its planned acquisition of a controlling 70% stake in Tekne S.p.A., formally launching the regulatory review process. The filing includes the definitive SPA and a business plan projecting Tekne’s cumulative 2026-2030 revenue at approximately EUR564.7 million (US$655 million), representing roughly US$459 million in pro-rata economic exposure for NUBURU. The transaction structure involves a EUR52 million pre-money valuation, with aggregate potential consideration up to EUR64.6 million, including a capital increase, share purchases, and a revenue-based earn-out capped at EUR29.692 million.
Key figures
- Deal Value Usd
- EUR64.6 million
- Earnout cap
- EUR29.692 million
- Share purchase
- EUR5.2 million
- Earnout formula
- 5% of Tekne annual revenues (2027-2036)
- Ownership stake
- 70%
- Cash contribution
- EUR12.0 million
- Review period days
- 45
- Pre money valuation
- EUR52 million
- Pro rata exposure usd
- US$459 million
- Capital increase total
- EUR29.692 million
- Projected tekne revenue 2026 2030 eur
- EUR564.7 million
- Projected tekne revenue 2026 2030 usd
- US$655 million
AI analysis
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