NUBURU Secures Funding for Tekne Acquisition Without Capital Raise

Key Facts

1NUBURU confirmed it holds the necessary funds to complete the acquisition of a 70% controlling interest in Tekne without additional capital raises.

2The acquisition is expected to close in the first week of October 2026 following Italian Government authorization.

3The company reported approximately $135.4 million in net remaining order value.

In a move aimed at reassuring investors regarding financial solvency and avoiding share dilution, NUBURU confirmed it holds the necessary funds to complete the acquisition of a 70% controlling interest in Tekne. According to reports, the company will not require additional capital raises to finance this transaction. The acquisition is expected to close in the first week of October 2026, following the required authorization from the Italian Government.

These developments come as the company reported a strong order backlog, with net remaining orders valued at approximately $135.4 million. This figure reflects continued growth in operational activities alongside international expansion. Based on available data, the company aims to strengthen its position in the defense and industrial sectors through this acquisition without resorting to external financing that could impact the current ownership structure.

Regarding market performance, BURU shares stood at $1.03 at the close of September 21, 2026, with a daily trading range between $0.99 and $1.1. As the October closing date approaches, traders are watching for final confirmation following the Italian "Golden Power" authorization, which will serve as the primary catalyst for the stock in the coming period.