NUBURU Provides Update on Tekne Acquisition Timetable: Golden Power Approved, October 15 Closing Targeted
NUBURU Defense Italy in place as Italian sub-holding; Tekne brings approximately $135.4 million in signed orders and approximately 185 personnel to NUBURU's Defense & Security platform
DENVER, October 09, 2026--NUBURU, Inc. (NYSE American: BURU) ("NUBURU" or the "Company"), a next-generation dual-use Defense & Security integrated platform company, today announced that the parties are targeting October 15, 2026 for the notarial meeting relating to the proposed acquisition, through NUBURU Defense Italy S.r.l. ("NDI"), of a 70% controlling interest in Tekne S.p.A. ("Tekne"), the Italian industrial company founded in 1990 with operations in Ortona, Poggiofiorito and Guastalla.
With Golden Power authorization granted by the Italian Government on August 5, 2026 and NDI incorporated, the transaction has cleared its principal regulatory and structural milestones. Completion remains subject to the remaining corporate approvals, notarial formalities and final documentation, together with compliance with the applicable conditions of the Golden Power authorization. The planned October 15 notarial meeting updates the first-week-of-October timetable announced on September 22, 2026.
Tekne is intended to become an industrial cornerstone of NUBURU's Defense & Security platform. Tekne has approximately 185 personnel across its three Italian sites. As previously disclosed on September 22, Tekne management reported approximately $135.4 million in preliminary, unaudited net remaining order value. This figure covers 100% of Tekne and is not U.S. GAAP revenue, a measure of funded backlog or financial guidance. Realization depends on production, delivery, customer acceptance and collection, and orders may be modified, delayed or cancelled.
NDI, which is fully controlled by NUBURU Defense LLC, will serve as the Italian sub-holding through which NUBURU Defense LLC holds and manages its controlling interest in Tekne following completion, providing the in-country structure for integration and growth of the Italian platform.
"Golden Power authorization has been received and NUBURU Defense Italy is in place. We are now working toward the notarial meeting targeted for October 15 and completion of the remaining transaction requirements," said Alessandro Zamboni, Executive Chairman and Co-Chief Executive Officer of NUBURU. "Tekne would provide NUBURU with an established Italian industrial base, an experienced team and capabilities central to the integrated Defense & Security platform we are building. Our focus now is completion and preparation for integration."