$BURU The acquisition is expected to close within 30 days of August 5th , subject to funding, corporate approvals, governance steps, and remaining closing conditions.
Key Highlights
* ✅ Golden Power approval received, the main government authorization required.
* ✅ NUBURU expects to acquire 70% of Tekne and consolidate its financial results after closing (subject to final U.S. GAAP accounting).
* ✅ Tekne employs approximately 180 people across three Italian facilities.
* ✅ Updated signed order backlog totals approximately $108.7 million (normalized residual value).
* ✅ Tekne’s 2026-2030 Business Plan projects approximately $648 million in cumulative planned production value under Italian GAAP (this is not revenue guidance or NUBURU financial guidance).
Strategic Focus
Following closing, NUBURU plans to:
* Expand Tekne’s Italian manufacturing footprint.
* Protect strategic defense technologies and intellectual property.
* Support existing defense contracts and working capital
Source: https://investorshangout.com/post/editpost/91...id=6842343
Key Highlights
* ✅ Golden Power approval received, the main government authorization required.
* ✅ NUBURU expects to acquire 70% of Tekne and consolidate its financial results after closing (subject to final U.S. GAAP accounting).
* ✅ Tekne employs approximately 180 people across three Italian facilities.
* ✅ Updated signed order backlog totals approximately $108.7 million (normalized residual value).
* ✅ Tekne’s 2026-2030 Business Plan projects approximately $648 million in cumulative planned production value under Italian GAAP (this is not revenue guidance or NUBURU financial guidance).
Strategic Focus
Following closing, NUBURU plans to:
* Expand Tekne’s Italian manufacturing footprint.
* Protect strategic defense technologies and intellectual property.
* Support existing defense contracts and working capital
Source: https://investorshangout.com/post/editpost/91...id=6842343
