News: Optoelectronics
10 July 2025
NUBURU stockholders approve strategy to finance transformation
NUBURU Inc of Centennial, CO, USA — which was founded in 2015 and develops and manufactures high-power industrial blue lasers — says that its stockholders have overwhelmingly approved key proposals in support of its financing strategy, a pivotal milestone in its strategic transformation for defense-tech and operational resilience through its Defense & Security Hub initiative.
Stockholder approval enables NUBURU to advance key strategic objectives, including:
- electing Alessandro Zamboni as a Class III director to hold office until the annual meeting of stockholders in 2028 and until his successor is duly elected and qualified;
- increasing authorized share capital and access to equity financings to facilitate strategic growth initiatives;
- ratifying financing agreements to support the firm’s working capital needs, which also provide the opportunity to eliminate the market overhang relating to the outstanding preferred stock (which is now classified as a current liability) and extinguish liabilities to key vendors, all of which will strengthen the firm’s financial position and make it more attractive to investors.
“This stockholder vote is a resounding endorsement of the strategic goals of our transformation plan commenced in early January,” says executive chairman Alessandro Zamboni. “With key components of our ongoing financing structure now in place, we will continue to devote our time and attention to consummating our previously announced strategic investment in Tekne S.p.A.”
The strategic investment in Tekne remains central to NUBURU’s Defense & Security Hub initiative, also by leveraging the firm’s high-performance blue laser technology know-how alongside Tekne’s product roadmap, which includes its ‘Tactical Bubble’ defense products, currently operational in Italian military exercises, projected to generate revenue exceeding €50m. The Tactical Bubble enables secure command-and-control networks, countering threats like drones and electromagnetic warfare, and is a key part of Italy’s defense modernization.
The vote allows a critical restructuring process and provides the necessary financial flexibility to support NUBURU’s announced business plans. Re-elected for another term as a director by this vote, Zamboni has been central to that process. He also continues in his role as executive chairman.
Completion of the Tekne strategic investment is contingent, among things, upon obtaining the ‘Golden Power’ authorization, as mandated by Italian law. The review process for this is expected to conclude by 5 August, unless suspensions are invoked as a result of additional requests for clarification issued by the Italian authorities.
The vote also included stockholder authorization for a potential reverse split, if necessary, to meet major exchange listing standards. That said, management states it will prioritize minimizing stockholder dilution as market conditions allow.
“A reverse stock split is a non-priority, unless required for driving long-term sustainable growth through improved market positioning,” says Zamboni. “We prefer to focus instead on driving shareholder value through execution and strategic partnerships.”
NUBURU reports progress in acquisition of Tekne as part of Defense & Security Hub
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