Nuburu Completes Acquisition of 70% Stake in Tekne
Bitget2026/10/15 12:33- Nuburu completed its acquisition of a 70% controlling stake in Tekne through Nuburu Defense; historical shareholders retain 30%.
- The additional 67.1% stake cost €5.2 million: €1.2 million paid at signing, with €4 million deferred through March 2027.
- Cash earn-out capped at €20 million pays 5% of annual revenue from 2028, with a €2 million annual minimum; no shares issued.
- Approximately €29.7 million of shareholder loans and other receivables were waived, becoming permanent equity in Tekne.
- Tekne adds electronic-warfare and vehicle capabilities, with $93.1 million in remaining program value as of September 14, 2026, not signed backlog.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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