$BURU Closing Preparations Following Golden Power Authorization
The Italian Government granted Golden Power authorization for the transaction on August 5, 2026. The remaining steps include the incorporation of Nuburu Defense Italy S.r.l. (“NDI”), which will initially serve as the operating holding company under NUBURU Defense LLC; the Tekne shareholders’ meeting to approve the capital increase; and completion of the notarial formalities to give effect to the resulting shareholdings, together with the associated governance appointments and final documentation. The parties are working toward completion in the first week of October 2026. That timing remains subject to agreement among the parties and completion of these steps, and NUBURU will announce the closing separately. https://www.businesswire.com/news/home/202609...er-Value
The Italian Government granted Golden Power authorization for the transaction on August 5, 2026. The remaining steps include the incorporation of Nuburu Defense Italy S.r.l. (“NDI”), which will initially serve as the operating holding company under NUBURU Defense LLC; the Tekne shareholders’ meeting to approve the capital increase; and completion of the notarial formalities to give effect to the resulting shareholdings, together with the associated governance appointments and final documentation. The parties are working toward completion in the first week of October 2026. That timing remains subject to agreement among the parties and completion of these steps, and NUBURU will announce the closing separately. https://www.businesswire.com/news/home/202609...er-Value
