Nuburu says closing funds secured for 70% Tekne stake, targets early October close - BURU News | RalliesNuburu says closing funds secured for 70% Tekne stake, targets early October close
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BURU• Nuburu says funding is in place for Tekne acquisition
- Nuburu is set to buy a 70% controlling stake in Tekne, with closing targeted for the first week of October 2026.
- Funding to close is in place, with no additional capital raise required; EUR 7 million has been provided toward a EUR 9 million closing need.
- Tekne reported about $135.4 million in net remaining order value, excluding $12.6 million flagged as higher cancellation risk.
- General Pietro Serino is slated to become Tekne chairman at closing, supporting NATO-market expansion and integration with Nuburu’s defense platform.
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