NUBURU Signs Tekne SPA and Initiates Golden Power Filing Process for Majority Acquisition
NUBURU signed a binding Share Purchase Agreement to acquire a 70% controlling stake in Italian defense firm Tekne S.p.A., formalizing its transformation into an integrated defense platform. The transaction is based on a €52 million pre-money valuation, with total consideration and investment commitments reaching up to €64.6 million, including a revenue-based earn-out capped at €29.7 million. Closing is subject to authorization under Italy’s Golden Power framework, for which NUBURU expects to file within 10 days.
Key figures
- Deal Value Usd
- 64600000
- Earnout cap
- €29.692 million
- Revenue 2026
- US$58 million
- Revenue 2030
- US$231 million
- Ownership stake
- 70%
- Existing financing
- €16.692 million
- Pre money valuation
- €52 million
- Cash contribution cap
- €12.0 million
- Pro rata revenue 70pct
- US$459 million
- Cumulative revenue 2026 2030
- US$655 million
- Additional financing immediate
- €1.0 million
- Share purchase from historical
- €5.2 million
AI analysis
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