Nuburu, Inc. shares rise 41.36% premarket after forming a U.S.-based joint venture with Tekne.

Nuburu, Inc. surged 41.36% in premarket trading, with the company announcing a joint venture with Tekne to form a U.S.-based entity. Nuburu, Inc. is a developer and manufacturer of industrial blue laser technology, focusing on materials processing, including laser welding and additive manufacturing of various industrial metals. The joint venture is expected to leverage Nuburu's innovative laser technology to produce defect-free welds at a faster rate than traditional methods.