Italy grants Nuburu Golden Power clearance for Tekne acquisition - BURU News | RalliesItaly grants Nuburu Golden Power clearance for Tekne acquisition
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BURU• NYSE American delisting appeal hearing
- NYSE American scheduled a September hearing on Nuburu’s appeal of its delisting process tied to a low share price.
Golden Power approval clears major hurdle
- Nuburu received Italian government “Golden Power” clearance for its planned acquisition of a 70% stake in Tekne.
- The authorization removed the deal’s main regulatory hurdle; the parties are completing customary closing steps and implementing conditions.
- Nuburu said no additional capital raise is required to complete the transaction.
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