Nuburu to acquire Lyocon for $2M

Nuburu (BURU) announced the signing of binding Heads of terms to acquire Lyocon, an Italian laser-engineering and photonics company. The total Consideration is $2M with $500,000 in cash at closing. “Finalizing this Binding Agreement with Lyocon represents a decisive step in expanding our European photonics and laser-system capabilities. Lyocon’s engineering excellence, cleanroom manufacturing, and multi-wavelength laser portfolio fit directly into NUBURU’s next-generation industrial and defense applications. Combined with our advancing partnership with Tekne, this acquisition strengthens our position as we continue building a transatlantic Defense & Security Hub.”