News & Events zu NUBURU Inc (BURU)BURUNUBURU Inc

NUBURU Advances Acquisition of 70% Stake in Tekne

NUBURU announced continued progress toward the closing of its proposed acquisition of a 70% controlling interest in Tekne, reported Tekne management's preliminary review indicating approximately $135.4M in adjusted active remaining order value, and detailed the next phase of execution for NUBURU's integrated platform strategy. Following the Italian Government's Golden Power authorization on August 5, NUBURU and the other parties to the binding Share Purchase and Investment Agreement signed on May 26 have continued advancing the final actions required to complete the transaction. The parties are finalizing the remaining corporate resolutions, share transfer, governance appointments and closing documentation, together with the formation and organizational setup of NUBURU Defense Italy. Based on the progress achieved to date, NUBURU currently expects the transaction to close during the first half of October 2026. The agreement contemplated closing within 30 calendar days after the Golden Power condition precedent was confirmed as satisfied, or on a later date mutually agreed in writing by the parties. In late August 2026, Tekne management completed a preliminary, unaudited review of its current customer order portfolio. The review identified approximately $148M in aggregate remaining value under orders classified by Tekne management as active. After excluding approximately $12.6M that Tekne management identified as presenting elevated cancellation risk, the review indicated approximately $135.4M in adjusted active remaining order value. Solely to facilitate comparison with NUBURU's August 5 release, euro-denominated amounts in this section were translated using the same fixed European Central Bank July 30 reference rate of $1.1476 per euro.

Nuburu Approves 1-for-40 Reverse Stock Split

Nuburu announced that its board of directors has approved the implementation of a 1-for-40 reverse stock split of the company's common stock, pursuant to the authority previously approved by Nuburu stockholders. On July 17, NYSE American suspended trading in Nuburu's common stock and commenced delisting proceedings under Section 1003 of the NYSE American Company Guide based on the low selling price of the company's common stock. Nuburu appealed that determination and requested review by the NYSE American Listings Qualifications Panel, with a hearing scheduled in September. That review remains pending. Nuburu common stock began trading on the OTC Pink Market on July 20 under the symbol (BURU). The reverse split is specifically intended to increase the per-share trading price of Nuburu common stock to address NYSE American's prohibition on low-selling-price stock, which includes stock trading below 10c per share. Any resumption of NYSE American trading remains subject to the NYSE American authorization.

NUBURU Closes $38M Financing, Equity Reaches $9.37M

NUBURU issued the following letter to shareholders from Alessandro Zamboni, Executive Chairman and Co-Chief Executive Officer. "On July 2, I asked you to judge NUBURU against its record and the milestones directly ahead. Since then we have closed a major financing, repaid the December 2025 YA debenture and the Lyocon acquisition notes, and obtained the Italian Government's Golden Power authorization for our proposed acquisition of 70% of Tekne S.p.A. These are completed milestones, and they change what this Company is positioned to execute next. On July 17, we closed a best-efforts public offering generating approximately $38M of gross proceeds, before placement-agent fees and offering expenses... Our recently filed Form 10-Q provides a clear operating and financial baseline. Second-quarter revenue was $524,927, compared with no revenue in the prior-year quarter, and revenue for the first six months of 2026 was $932,571, compared with no revenue in the comparable 2025 period. At June 30, 2026, total assets were $68.36 million, compared with $49.82 million at December 31, 2025. Stockholders' equity was positive at $9.37 million, compared with a $15.18 million deficit at year-end... I want to address the listing question directly, because it is the one we hear most from shareholders. NYSE American suspended trading in BURU on July 17 and commenced delisting proceedings under Section 1003(f)(v) based on the low selling price of our common stock; BURU began trading in the OTC market on July 20 and continues to trade there under the same symbol. We appealed the staff determination and requested review by the Listings Qualifications Panel, with a hearing scheduled in September. We are preparing for that hearing with outside advisers and intend to present the full record of the Company's balance-sheet and operating progress.. On August 5, the Italian Government authorized NUBURU's proposed acquisition of Tekne under the Golden Power regime, clearing the transaction's principal regulatory hurdle. NUBURU and Tekne are now completing the remaining customary closing steps and implementing the terms of the authorization... The next stage is not accumulation; it is integration. The value of the platform will be demonstrated when software, non-kinetic effects, electronic-warfare capability, mobility and sustainment operate as one governed architecture. One architecture. One commercial interface. One brand. The milestones ahead are specific: complete the Tekne transaction; implement its governance, reporting and integration; convert orders and commercial activity into recognized revenue and cash; improve gross margin; advance Orbit's path to full ownership; manage capital carefully; and execute the listing strategy through the proper process. We will report against that scorecard."