NUBURU says it has the funds needed to complete its purchase of a 70% majority stake in Italy's Tekne S.p.A. and will not require additional capital, after Italian Golden Power clearance was granted on Aug. 5, 2026.
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NUBURU, Inc., which trades on the NYSE American under the ticker BURU, describes itself as a next-generation integrated platform for dual-use defense and security. In a statement dated Sept. 22, 2026, the Denver-based company said the funds required to complete its acquisition of a 70% majority stake in Tekne S.p.A. are available. It added that it does not need to raise further capital to conclude the transaction. The same announcement put the residual net order value associated with the business at approximately $135.4 million.
The transaction has received Golden Power authorization from the Italian government, granted on Aug. 5, 2026 — roughly seven weeks before the funding confirmation. Golden Power is Italy's screening regime for foreign investment in strategic sectors, including defense, energy, telecommunications and transport, and it allows Rome to review, condition or block deals involving sensitive assets. Because Tekne operates in the defense and security space, that clearance functions as a precondition for the deal rather than a commercial term negotiated between the parties. NUBURU said the parties are now working toward completion of the transaction.
The roughly $135.4 million figure cited by NUBURU is described as residual net order value, which typically refers to the portion of contracted work that has not yet been delivered or recognized as revenue, after applicable adjustments. That differs from a gross contract-win total, which can include work already completed and billed. For an acquirer, this kind of disclosure is a factual indicator of the volume of booked business still ahead of the acquired operations rather than a statement about future results. Its inclusion alongside the funding confirmation gives investors a sense of the scale of the backlog tied to the majority stake being purchased.
By stating that no further capital raise is needed, NUBURU addresses the most common execution risk in small-cap acquisitions: that a buyer must return to the market for financing before it can close. Companies with a single or limited class of listed equity often fund such purchases through share issuance, which can dilute existing holders and leave the closing contingent on market conditions. A confirmed funding position removes that contingency from the transaction as described in the announcement. It also means the deal's completion is not presented as dependent on a financing condition.
NUBURU confirmed that it has the funds available to complete the acquisition of a 70% majority stake in Tekne S.p.A. and stated it does not need to raise additional capital to close the transaction. The company also cited approximately $135.4 million in residual net order value tied to the business.
Golden Power is Italy's foreign direct investment screening mechanism, which lets the government examine and attach conditions to transactions involving strategic sectors such as defense, energy and telecommunications. NUBURU says the authorization was granted on Aug. 5, 2026, clearing a key regulatory hurdle for the deal. Such clearance is a prerequisite rather than a commercial term.
It generally refers to the portion of contracted orders that has not yet been delivered or recognized as revenue, net of applicable adjustments. It differs from a gross order total, which may include work already billed. In this case it provides a factual measure of the booked business remaining at the acquired operation.
What NUBURU Confirmed
The Italian Golden Power Clearance
Reading the Order Value Figure
Why the "No Additional Capital" Statement Matters
What Remains Outstanding
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A 70% stake would make Tekne a majority-owned subsidiary, leaving 30% in the hands of the remaining holders — a structure that preserves a minority interest rather than a full buyout. The announcement does not specify a closing date, nor does it detail the remaining administrative or contractual steps between the parties. NUBURU's statement frames the process as ongoing, with both sides working toward a conclusion. Based on public news sources.
Yes — a 70% stake constitutes majority ownership, so Tekne would become a majority-owned subsidiary of NUBURU rather than being fully absorbed. The remaining 30% would stay with other holders, leaving a minority interest outside NUBURU's ownership.
NUBURU says the parties are working toward completion, and the announcement does not provide a specific closing date or a full list of remaining conditions. The Golden Power authorization and the confirmed funding position are the two elements the company highlights as resolved or in place. Further administrative and contractual steps are described as ongoing.
