Mergers & AcquisitionsMedium•9 October 2026•
1 min read
NUBURU Sets October 15 Closing Date for Tekne Acquisition
Key Facts
1NUBURU has targeted October 15, 2026, for the notarial meeting to close the acquisition of a 70% controlling interest in Italy's Tekne S.p.A.
NUBURU has targeted October 15, 2026, for the notarial meeting to close the acquisition of a 70% controlling interest in Italy's Tekne S.p.A. Business Wire reported that the update follows progress in regulatory approvals, specifically the 'Golden Power' regulations in Italy, which enables the parties to proceed with the final execution.
BURU closed at $0.9741 on October 8, 2026, with the stock reaching a session high of $1.01 and a low of $0.95. The transaction establishes a specific timeline for NUBURU to secure its majority stake in the Italian firm, supporting its expansion in the defense and industrial sectors.