Nuburu enters LOI to acquire 70% of Tekne S.p.A. for up to EUR 35.7M

Nuburu, Inc.

Tekne Letter signed March 19, 2026 for 70% equity stake, conditional on Italian Golden Power authorization.
Nuburu increased convertible receivable by EUR 3.692M on March 20, bringing total to EUR 16.692M.
January 2026 purchase agreement gave 2.9% interest and EUR 13M convertible loan; conversion plus new capital will yield 60%.
Upon GP Authorization, EUR 13M capital increase for 25% stake; then EUR 6M cash for additional 10%.
Restructuring plan includes possible lease of Ortona industrial complex and drone manufacturing business lines.

item 1.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Nuburu, Inc. entered into Tekne Letter with Ambrogio D’Arrezzo, Carlo Ulacco, and Andrea Lodi (effective 2026-03-19).

Action: entry
Agreement: equity purchase
Counterparty: Ambrogio D’Arrezzo, Carlo Ulacco, and Andrea Lodi
Effective: 2026-03-19

Exact text from the filing

On March 19, 2026, Nuburu, Inc. (the “Company”) and its subsidiary, Nuburu Defense, LLC (“Nuburu Defense”), entered into a letter of intent (the “Tekne Letter”) with Ambrogio D’Arrezzo, Carlo Ulacco, and Andrea Lodi, the shareholders (collectively, the “Shareholders”) of Tekne S.p.A. (“Tekne”), pursuant to which the Company agreed to contribute additional financial resources to Tekne in exchange for obtaining a 70% equity interest in Tekne.

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Nuburu, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-124344

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