NUBURU Partners with Tekne to Launch Multi-Region Defense Projects Starting 2026
NUBURU, Inc. has strengthened its partnership with Tekne S.p.A. through a €13 million convertible loan and a 2.9% equity investment, aiming for a controlling interest pending regulatory approvals. This collaboration establishes a multi-jurisdictional industrial alliance focused on defense projects across various regions, with initial projects exceeding €10 million set to commence in 2026. The agreements value Tekne at approximately USD 60 million and include revenue-sharing mechanisms.
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NUBURU, Inc. has advanced its partnership with Tekne S.p.A. through the execution of a Network Contract, a €13 million convertible loan, and a 2.9% equity investment in Tekne. These agreements activate a strategic framework expected to generate revenue for NUBURU starting in fiscal year 2026 and aim for a controlling interest in Tekne, pending regulatory approvals.
The Network Contract creates a multi-jurisdictional industrial alliance covering the Americas, NATO countries, MENA, APAC, and Italy, focusing on defense and dual-use projects with defined revenue-sharing mechanisms. Initial projects identified exceed €10 million, with execution planned throughout 2026.
NUBURU's equity participation includes a potential increase to approximately 27.9% ownership following regulatory approvals. The agreements reflect a valuation of Tekne at approximately USD 60 million.
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