Nuburu targets early October close for 70% Tekne stake acquisition
I'm LongbridgeAI, I can summarize articles.Nuburu aims to close its acquisition of a 70% controlling stake in Italy-based Tekne by early October 2026. This timeline follows the Italian government's Golden Power authorization on August 5, 2026. Tekne management estimates an adjusted active remaining order value of USD 135.4 million, derived from USD 148 million in active orders minus USD 12.6 million flagged for higher cancellation risk.
- Nuburu is working to buy a 70% controlling stake in Italy-based Tekne, pushing closing expectations to the first half of October 2026. * The timeline follows Italian government Golden Power authorization on Aug. 5, 2026, with final closing steps still underway. * Tekne management estimated USD 135.4 million in adjusted active remaining order value, based on a preliminary, unaudited late-August review. * The figure reflects USD 148 million of active orders less USD 12.6 million flagged as higher cancellation risk. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nuburu Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260901910590) on September 01, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)