NUBURU Resumes Trading on NYSE American as Shareholder Letter Details Tekne’s $135.4 Million Net Order Value and October Closing Target
NUBURU resumed trading on NYSE American and is targeting a first-half October close for its proposed 70% acquisition of Italian defense manufacturer Tekne S.p.A., which holds approximately $135.4 million in net remaining order value after excluding $12.6 million flagged for elevated cancellation risk. The balance sheet improved materially: stockholders' equity stood at positive $9.37 million at June 30, 2026 — a second consecutive positive quarter clearing NYSE American's $4.0 million threshold — after a $38.0 million July offering funded repayment of roughly $16.75 million in principal obligations including the full December 2025 YA debenture.
Key figures
- Tekne headcount
- 185
- Lyocon notes repaid
- 1250000
- Reverse split ratio
- 1-for-40 (effective September 1, 2026)
- Closing price sept11
- 2.55
- Target closing window
- first half of October 2026
- July offering proceeds
- 38000000
- Peer revenue multiples
- 1.4-23.7x TTM revenue (median 4.3x); funded-backlog subset 1.9-5.6x (median 3.8x)
- Tekne acquisition stake
- 70%
- Total assets dec31 2025
- 49820000
- Total assets jun30 2026
- 68360000
- Shares outstanding approx
- 9260000
- Tekne net order value eur
- €118.0 million
- Tekne net order value usd
- 135400000
- Dec2025 ya debenture repaid
- 15500000
- Tekne gross order value usd
- 148000000
- Suncubes initial advance eur
- 250000
- Nyse american equity threshold
- 4000000
- Stockholders equity jun30 2026
- 9370000
- Golden power authorization date
- August 5
- Suncubes planned investment eur
- 1000000
- Principal obligations eliminated
- 16750000
- Elevated cancellation risk excluded usd
- 12600000
AI analysis
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