RE: Nuburu4 Jun 2026 16:24
"Local press now confirming Nuburu acquisition progressing acquiring 70% of Tekne.
hxxps://www.ilsole24ore.com/radiocor/nRC_27.05.2026_15.13_40510405
Defense: Nuburu signs binding agreement for 70% of Tekne if Golden Power approves.
May 27, 2026
(Il Sole 24 Ore Radiocor) - Rome, May 27 - American company Nuburu has signed a definitive and binding agreement to acquire 70% of the Abruzzo-based company Tekne, specializing in industrial, specialty, and military vehicles. The agreement is subject to approval from the Italian Prime Minister's Office for the Golden Power. Nuburu has already provided Tekne with €16.7 million in shareholder financing and approximately €5 million for destocking operations, according to a statement. Under the agreement, during the Golden Power process, Nuburu will provide additional financial contributions to support Tekne's operational continuity and industrial growth, including €1 million already released upon signing the agreement. The agreement provides for a total capital increase of up to €29.7 million, including the conversion of shareholder financing already disbursed and new cash contributions for a capital increase of €13 million. The agreement also includes the purchase of additional shares from Tekne's current shareholders for a total value of €5.2 million, plus an earn-out component based on the company's future revenues."
if Golden Power approves.!!! becomes the big issue..