Nuburu agrees to raise its Tekne stake to 70%; adds EUR 3.7 million in funding under LOI

Reuters03-26

Nuburu agrees to raise its Tekne stake to 70%; adds EUR 3.7 million in funding under LOI

Nuburu and its Nuburu Defense unit signed a letter of intent with Tekne shareholders Ambrogio D'Arrezzo, Carlo Ulacco, and Andrea Lodi to increase its stake in Tekne to 70%.
Under a prior agreement effective Jan. 13, 2026, Nuburu acquired a 2.9% interest in Tekne and provided EUR 13 million in financial support structured as a convertible receivable.
The letter of intent contemplates an additional EUR 3.69 million paid on March 20, 2026, bringing the total convertible receivable to EUR 16.69 million.
Subject to required authorization, Nuburu would make a EUR 13 million capital increase for a 25% interest and convert the EUR 16.69 million receivable into a 32.1% interest, reaching 60% including the existing 2.9% stake.
Nuburu would then acquire an additional 10% from the shareholders for EUR 6 million in cash, resulting in 70% ownership of Tekne.

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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-124344), on March 25, 2026, and is solely responsible for the information contained therein.

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ID: 0001193125-26-124344), on March 25, 2026, and is solely responsible for the information contained therein.</span></i>\n</p>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4161","symbol_name":"工业机械","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260325:nNDL9sMjjB:1","article_id":"2622079050","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2622079050","pubTimestamp":1774473057,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Nuburu and its Nuburu Defense unit signed a letter of intent with Tekne shareholders Ambrogio D'Arrezzo, Carlo Ulacco, and Andrea Lodi to increase its stake in Tekne to 70%.Under a prior agreement effective Jan. 13, 2026, Nuburu acquired a 2.9% interest in Tekne and provided EUR 13 million in financial support structured as a convertible receivable.The letter of intent contemplates an additional EUR 3.69 million paid on March 20, 2026, bringing the total convertible receivable to EUR 16.69 million.Nuburu would then acquire an additional 10% from the shareholders for EUR 6 million in cash, resulting in 70% ownership of Tekne.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. 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