Nuburu announces initial stake in Tekne, U.S. joint venture launch

Nuburu (BURU) announced the successful execution of the first milestone under the phased acquisition plan for Tekne established following formal notice received from the Italian government under the “Golden Power” framework. Through its new subsidiary, Nuburu Defense, the company secured an initial equity stake equal to the maximum interest permitted under current Golden Power regulatory thresholds and agreed to an action plan that, by utilizing the Luxembourg investment vehicle TCEI, will pave the way to a controlling interest in Tekne. This step serves as the foundation for the launch of a U.S.-Based Defense 80/20 joint venture between Nuburu Defense and Tekne, aimed at being immediately operational with three primary mandates: deliver an initial $7.5M backlog of Tekne special vehicle contracts outside Italy, while managing sales to non-Italian clients across Tekne’s pipeline. Manufacture, assemble, and market Tekne’s proven product lines for the Americas. Develop new defense-tech solutions, integrating Tekne’s licenses with Nuburu’s blue-laser platform to create proprietary IP for allied markets. As part of the broader phased plan, the binding agreement signed between the company and Tekne’s shareholders – which provides for Nuburu Defense’s path from minority stake to an eventual 70% controlling interest in Tekne – includes commitments to finance up to EUR 40M in Tekne’s working capital needs over the next 12 months. A renewed Golden Power notification will be filed to progress to majority ownership in compliance with Italian requirements.