Nuburu Moves to Acquire Controlling Stake in Tekne

The latest update is out from Nuburu ( (BURU) ).

On March 19, 2026, Nuburu, Inc. and its subsidiary Nuburu Defense, LLC entered into a letter of intent with the shareholders of Italian company Tekne S.p.A. to increase Nuburu’s stake in Tekne to 70 percent through a combination of equity purchases, capital increases and conversion of existing financial support, all subject to Italian Golden Power approval. The agreement builds on a January 13, 2026 arrangement under which Nuburu acquired a 2.9 percent interest in Tekne and extended EUR 13 million in support, later increased to a total convertible receivable of EUR 16.692 million, and envisages additional EUR 13 million in capital, a further EUR 6 million cash purchase of shares, potential acquisition or leasing of an industrial complex in Ortona, and the development of joint business lines, including mobile units for dual-use drone production and a spin-off of certain non-core assets from Tekne.

The transactions outlined in the Tekne Letter are expected to give Nuburu control of Tekne and align the companies around new manufacturing capabilities in Italy. The parties, including Nuburu Defense and Tekne’s shareholders, committed to negotiate definitive agreements in good faith, signalling a strategic push into dual-use defense and industrial applications while restructuring Tekne’s asset base and operational footprint.

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

Nuburu, Inc. operates through its subsidiary Nuburu Defense, LLC, and is involved in defense-related industrial technologies. The company is expanding its presence in Italy through an investment in Tekne S.p.A., an Italian firm undergoing a restructuring plan, with a focus on developing new business lines in advanced manufacturing and defense-adjacent applications.

Average Trading Volume: 19,513,314

Technical Sentiment Signal: Sell

Current Market Cap: $22.81M

For detailed information about BURU stock, go to TipRanks’ Stock Analysis page.