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The latest announcement is out from Nuburu ( (BURU) ).
Nuburu, Inc. has modified its acquisition strategy for Tekne S.p.A., an Italian company, following feedback from the Italian government’s ‘Golden Power’ review. The company plans to acquire a 70% stake in Tekne through a phased approach, with a 3% acquisition in September 2025 and the remaining 67% by the end of 2025. The acquisition is valued at approximately $42 million based on Tekne’s enterprise value of $60 million. Nuburu has agreed to provide up to EUR 40 million in financing to Tekne for working capital needs, with part of this support convertible to equity upon government approval. Additionally, Nuburu and Tekne will form a U.S.-based joint venture to develop and sell defense products in the Americas, potentially generating $7.5 million in revenue during the ongoing review. The completion of the acquisition is subject to regulatory approvals and shareholder consent.
Spark’s Take on BURU Stock
According to Spark, TipRanks’ AI Analyst, BURU is a Underperform.
Nuburu’s overall stock score reflects significant financial instability, with weak income and cash flow performance, a concerning balance sheet, and poor technical indicators. However, the recent strategic partnership with HUMBL offers a potential growth avenue, partially offsetting negative financial metrics.
To see Spark’s full report on BURU stock, click here.
More about Nuburu
Average Trading Volume: 13,391,444
Technical Sentiment Signal: Sell
Current Market Cap: $12.92M
Find detailed analytics on BURU stock on TipRanks’ Stock Analysis page.