Nuburu Takes 2.9% Equity Stake in Tekne

Reuters
Nov 19
Nuburu Takes 2.9% Equity Stake in Tekne

NUBURU Inc. has initiated the first phase of a strategic investment to acquire a minority equity stake in Tekne S.p.A., as part of a broader €15 million support package. The transaction includes a €13 million convertible shareholder loan and an initial acquisition of a 2.9% equity stake in Tekne, subject to Italian Government review under the Golden Power regulation. This investment is intended to strengthen Tekne's financial position and enhance joint development efforts in defense, mobility, and laser-based technologies.

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