M&A
confidence high
sentiment neutral
materiality 0.85
Nuburu closes Lyocon acquisition, ups Orbit to 22%, executes Tekne agreements
Nuburu, Inc.
- Lyocon acquired for $2.0M total: $750k cash plus two $625k convertible notes ($0.295 conversion price); earn-out up to $1M over 5 years.
- Second Orbit tranche closed, raising stake to ~22%; board now controlled by Nuburu (Zamboni, Barisoni, Sinnott).
- Tekne Network Contract signed; initial 2.9% stake acquired via $1.74M convertible note ($0.25/share); EUR 13M shareholder loan at 4%.
- Lyocon board formed: Dario Barisoni (Chair), Alessandro Zamboni, Paola Zanzola; Sellers employed with management equity incentive plan.
- $1.0M funding commitment to Lyocon ($500k paid at close, $250k due each year) and Tekne loan matures January 2027.