News: Optoelectronics
3 June 2025
NUBURU accelerates M&A strategy with $100m flexible growth capital
NUBURU Inc of Centennial, CO, USA — which was founded in 2015 and develops and manufactures high-power industrial blue lasers — entered into a standby equity purchase agreement on 30 May with YA II PN Ltd under which it has the option, subject to certain conditions, to sell up to $100m in shares. This facility provides NUBURU with the financial flexibility to execute controlled stock sales until 30 May 2028. Joseph Gunnar & Co LLC acted as the sole placement agent for the private placement.
The agreement allows NUBURU to sell shares worth up to $100m at its discretion, based on market conditions and the firm’s evolving needs. NUBURU maintains full authority over the timing and quantity of any share sales, ensuring strategic control over its funding operations and empowering it to dictate the pace and volume of equity sold, aligning sales strategies with operational goals. Certain conditions, including an effective registration statement, must be satisfied before the firm can make any sales under the agreement.
The purchase price for equity sales will be 97% of the lowest daily volume-weighted average price (VWAP) of the common shares over the three trading day period following the company’s submission of a sale notice to the investor.
Proceeds from any stock sales under this agreement are intended for general corporate purposes, including working capital and growth initiatives, consistent with NUBURU's strategic commitments outlined in its transformation plan. In line with these growth ambitions, the firm recently disclosed its plan to acquire a controlling interest in TEKNE S.p.A., pending regulatory and stockholder approval.
“This funding facility not only provides us with the necessary capital to accelerate our growth ambitions but also strengthens our focus on transformative acquisitions, part of the capitalization plan recently submitted to NYSE,” notes NUBURU’s executive chairman Alessandro Zamboni.
TEKNE is known for its capability to unify advanced electronics and special-purpose vehicle engineering under one roof to deliver fully integrated, mission ready, high-performance systems. Its core strength lies in the expertise of its engineering department, with roots in the division it acquired from Thales in 2016. TEKNE conducts operations globally and has established commercial and support operations in the USA, including its strategic partnership in 2024 with US-based Flyer Defense, a provider of tactical ground mobility solutions. Together, TEKNE and Flyer Defense have announced plans to produce the Flyer 72-Heavy Duty vehicle, designed for rapid deployment across diverse military operations. This collaboration aims to enhance the capabilities of the Italian armed forces and its NATO allies, including US armed forces, fostering an environment of interoperability and readiness. TEKNE’s board of directors aims to further enhance its governance and strategic support by appointing senior advisers with a background in serving the US armed forces. Leveraging this expertise, TEKNE intends to expand its presence in the US market, including plans to establish a technology laboratory focused on addressing specific US defense-tech needs.
