Nuburu Acquires Orbit S.r.l. in $12.5 Million Deal

Reuters
Nov 07
Nuburu Acquires Orbit S.r.l. in $12.5 Million Deal

Nuburu Inc. announced the acquisition of Orbit S.r.l., an Italian software company specializing in digitalizing operational resilience solutions. Through its subsidiary Nuburu Defense, the company will invest up to $5 million in Orbit and acquire all outstanding ownership interests for a total of $12.5 million, comprising cash and securities. The proceeds will support Orbit's working and growth capital needs. The transaction has been approved by Nuburu's independent directors due to its related party nature.

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