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NUBURU Hits First Milestone in Tekne Acquisition with Initial Stake and Tekne US JV Launch

1. NUBURU completes first milestone in Tekne acquisition under Italy's Golden Power framework. 2. The acquisition enhances BURU's positioning in high-performance blue laser technology.

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$0.162508/21 09:08 AM EDTEvent Start
$0.158708/21 09:24 PM EDTLatest Updated
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FAQ

Why Bullish?

Successful strategic acquisitions often lead to increased market valuation. Historical evidence shows similar tech acquisitions led to positive price movements.

How important is it?

The acquisition is significant for BURU's growth strategy in the laser technology sector.

Why Long Term?

The acquisition strengthens BURU's market position, which will positively impact long-term growth.

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TEKNELITEAPD
CENTENNIAL, Colo.--(BUSINESS WIRE)--NUBURU, Inc. (NYSE American: BURU) (“NUBURU” or the “Company”), a global leader in high-performance blue laser technology, is pleased to announce the successful execution of the first milestone under the phased acquisition plan for Tekne S.p.A. (“Tekne”) established following formal notice received from the Italian government under the “Golden Power” framework. Through its new subsidiary, Nuburu Defense, the Company secured an initial equity stake equal to th.

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