On March 19, 2026, Nuburu, Inc. and its subsidiary, Nuburu Defense, LLC, signed a letter of intent with the shareholders of Tekne S.p.A. to acquire a 70% equity interest in the company. This agreement, referred to as the Tekne Letter, involves Nuburu contributing additional financial resources to Tekne, totaling EUR 16.7 million. This investment includes a EUR 3.7 million increase to a previously established convertible receivable, bringing the total to EUR 16.7 million. The acquisition is contingent upon receiving authorization from the Italian government under the Golden Power regulations. Once approved, Nuburu plans to increase its stake in Tekne through a capital increase of EUR 13 million, which would grant it a 25% interest in the company. The overall strategy aims to enhance Nuburu's operational capabilities in the drone manufacturing sector, particularly in dual-use production. The agreement also outlines potential restructuring plans for Tekne, including the acquisition of an industrial complex in Ortona and the development of new business lines. This strategic move is expected to bolster Nuburu's market position and operational execution in the technology sector.

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