NUBURU Achieves First Milestone in Tekne Acquisition, Launches US Defense JV

NUBURU has successfully executed the first milestone under the phased acquisition plan for Tekne S.p.A. by securing an initial 3% equity stake and launching a US-based defense joint venture. The joint venture will focus on delivering contracts, manufacturing, and developing new defense-tech solutions. NUBURU has also engaged a strategic consultant with extensive experience in the defense industry to bolster execution. This move advances NUBURU's Defense & Security Hub strategy, uniting Tekne's expertise with NUBURU's blue laser technology.

Title: NUBURU Executes First Milestone in Tekne Acquisition, Launches U.S. Defense Joint Venture

NUBURU, Inc. (NYSE American: BURU) has successfully executed the first milestone in its phased acquisition plan for Tekne S.p.A. by securing an initial 3% equity stake and launching a U.S.-based defense joint venture. The joint venture, named Nuburu Defense, will focus on delivering contracts, manufacturing, and developing new defense-tech solutions. This strategic move is part of NUBURU's broader Defense & Security Hub strategy, which aims to unite Tekne's expertise in deployed Tactical Bubble systems and defense vehicles with NUBURU's blue laser technology.

The initial milestone involves an equity stake equal to the maximum interest permitted under current Golden Power regulatory thresholds, which is 3%. NUBURU has also agreed to an action plan that will utilize the Luxembourg investment vehicle TCEI to pave the way to a controlling interest in Tekne. The joint venture will immediately be operational with three primary mandates: delivering an initial USD $7.5 million backlog of Tekne special vehicle contracts outside Italy, managing sales to non-Italian clients across Tekne's pipeline, manufacturing, assembling, and marketing Tekne's proven product lines for the Americas, and developing new defense-tech solutions by integrating Tekne's licenses with NUBURU's blue-laser platform to create proprietary IP for allied markets.

To bolster execution, NUBURU has engaged Anthony Sinnott, a retired U.S. Marine Corps officer and former DoD senior advisor, as a strategic consultant. Mr. Sinnott brings extensive operational, NATO, and Fortune 500 leadership experience, including service on Tekne's board. This strategic move aligns with NUBURU's goal of expanding its defense and security footprint and creating an expanded offering through its upcoming acquisition of a Software as a Service startup focused on operational resilience.

As part of the broader phased plan, the binding agreement signed between the Company and Tekne's shareholders includes commitments to finance up to €40 million in Tekne's working capital needs over the next 12 months. This funding will be supported by Supply@ME Capital Plc's inventory monetization platform and potential further additional investors through the platform. A renewed Golden Power notification will be filed to progress to majority ownership in compliance with Italian requirements.

Further updates will follow as NUBURU continues to execute the phased plan and expand its defense and security footprint. For more information, visit www.nuburu.net.

References
[1] https://www.stocktitan.net/news/BURU/nuburu-hits-first-milestone-in-tekne-acquisition-with-initial-stake-n24nad6y5qgw.html
[2] https://ir.nuburu.net/news/news-details/2025/NUBURU-Hits-First-Milestone-in-Tekne-Acquisition-with-Initial-Stake-and-Tekne-US-JV-Launch/default.aspx