Nuburu shares surge 10.19% intraday after activating strategic alliance with Tekne, securing €13M loan and Network Contract for 2026 revenue.

Nuburu (BURU) surged 10.19% intraday following the announcement of a strategic alliance with Italian defense firm Tekne S.p.A., including a €13 million convertible loan, a 2.9% equity stake, and a network contract covering defense programs across multiple regions. The partnership, expected to generate €10 million in contracted value by 2026, aligns with Nuburu’s long-term goal of acquiring a controlling stake in Tekne. Additionally, the company secured $23.25 million in financing through a Securities Purchase Agreement and plans to expand its defense capabilities via the acquisition of Lyocon S.r.l. These developments—centered on defense-tech expansion, revenue-generating contracts, and strategic equity investments—collectively drove the sharp intraday rally, reflecting investor optimism about Nuburu’s growth trajectory in the defense sector.