Nuburu to acquire 70% of Italian defense firm Tekne for €47M, pending regulatory approval

Filed June 1, 2026 · Period ending May 26, 2026 · ~1 min read

Key Changes

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  Nuburu agreed to acquire 70% controlling stake in Tekne S.p.A. for approximately €47M through €29.7M capital contribution (57.1% stake) plus €5.2M cash and revenue-based earn-out for additional 10% from existing shareholders.

  Item 1.01: Entry into Material Agreement verify on EDGAR →
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  Transaction requires Italian government approval under Golden Power Regulations by September 30, 2026. If approval not obtained, deal terminates and Tekne must repay €16.7M in prior convertible loans within 30 days.

  8-K: Regulatory Conditions verify on EDGAR →
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  Earn-out payments equal 5% of Tekne's annual revenues from 2027-2036, capped at €29.7M total. Nuburu can pay in cash or stock at its option, potentially diluting existing shareholders if stock is used.

  8-K: Earn-Out Terms verify on EDGAR →