Nuburu reactivates plan to acquire 70% of Tekne at EUR 52 million valuation

Reuters03-20

Nuburu reactivates plan to acquire 70% of Tekne at EUR 52 million valuation

Nuburu signed a new binding agreement with Tekne shareholders to acquire a controlling 70% stake, updating a transaction framework first set in 2025.
The revised structure uses a reference valuation of EUR 52 million and does not contemplate issuing Nuburu shares to Tekne sellers.
Nuburu currently holds 2.9% of Tekne and has provided EUR 13 million in shareholder financing, plus an additional EUR 3.69 million under the agreement.
After converting EUR 16.69 million of financing and subscribing to a EUR 13 million capital increase, Nuburu would also buy an additional 10% stake for EUR 6 million.
Tekne is targeting about EUR 50 million in revenue in 2026 and more than EUR 100 million in 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nuburu Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260320451568) on March 20, 2026, and is solely responsible for the information contained therein.

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