secwatch.observer — SEC 8-K summary
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Issuer:     Nuburu, Inc. (BURU)
CIK:        0001814215
Form:       8-K
Filed at:   2026-10-21T10:00:36+00:00
Accession:  0001193125-26-427115
Event type: m_and_a
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 2.01, 3.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Nuburu closes Tekne deal for €5.2M plus €20M earn-out, owns 70%; NYSE American issues delisting warning
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- Nuburu Defense bought 745,759 Tekne shares, about 67.1% stake, from Ambrogio D'Arrezzo, Carlo Ulacco and Andrea Lodi for €5.2M; with prior 2.9%, now owns 70%.
- Price: €1.2M paid at Oct. 15, 2026 closing; four €1M installments due Dec. 31, 2026, Jan. 31, Feb. 28 and Mar. 31, 2027; Nuburu jointly liable.
- Earn-out cut to €20M from €29.692M, paid as 5% of Tekne FY2027-2036 revenue, with €2M annual minimum and €20M cap; first payment due June 30, 2028.
- Nuburu waived €29.695M owed by Tekne, including €27.693M convertible receivable, as capital contribution; new Tekne board has 2 Nuburu directors, 1 shareholder director.
- NYSE American warned Oct. 19, 2026 over late disclosure of Sept. 30 Esousa side letter and Brick Lane $15M note cancellation; future violation triggers immediate suspension/delisting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1814215/000119312526427115/0001193125-26-427115-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1814215/000119312526427115/buru-20261015.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-427115

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