Nuburu Inc. has announced a significant step in its strategic growth plan with the entry into a standby equity purchase agreement, allowing the company to sell up to $100 million in shares to YA II PN, Ltd. This agreement, effective from May 30, 2025, provides Nuburu with financial flexibility and control over its funding operations, which it plans to use for general corporate purposes, including working capital and growth initiatives. As part of its expansion strategy, Nuburu is set to acquire a controlling interest in Tekne S.p.A., pending regulatory and stockholder approval. Tekne is recognized for its expertise in integrating advanced electronics and special-purpose vehicle engineering, with a strong presence in the U.S. through its partnership with Flyer Defense. This acquisition aims to bolster the capabilities of the Italian and U.S. armed forces, enhancing interoperability and readiness among NATO allies. The announcement was made by Nuburu Inc.
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