News: Optoelectronics
17 July 2026
NUBURU’s premium-priced public offering to fund acquisition of controlling stake in Tekne
NUBURU Inc of Centennial, CO, USA (a dual-use defense & security integrated platform company focused on non-kinetic effects and directed-energy technologies, electronic warfare and defense mobility programs, software-orchestrated defense systems and advanced manufacturing) has announced a proposed best-efforts public offering of up to $38m of its securities.
The offering is expected to be priced above the current market price of the common stock, with a proposed public offering price of $0.1555 per share (or equivalent security), representing a 5% premium to the closing price on 10 July.
If completed and fully subscribed, NUBURU intends to use the net proceeds to deliver significant key strategic and balance-sheet advantages directly aligned with its Defense & Security transformation plan:
- satisfy the financial assurances requirements associated with the Italian Government Golden Power review and position NUBURU to complete its proposed acquisition of a 70% controlling interest in European defense and advanced mobility manufacturer Tekne S.p.A., subject to Golden Power clearance and other closing conditions;
- redeem in full principal outstanding indebtedness of about $15.5m (the debenture) and $1.25m of convertible notes issued in connection with the previously announced Lyocon acquisition;
- end the cycle of satisfying monthly installments under the debenture through recurring stock issuances at prevailing market prices under the firm’s standby equity purchase agreement;
- add primary equity capital and materially strengthen the stockholders’ equity and pro forma tangible book value in support of its NYSE American continued-listing compliance efforts; and
- support near-term acquisition, working capital and platform-execution requirements, enabling NUBURU to halt use of its equity line for at least 90 days, subject to completion of the offering and receipt of sufficient net proceeds.
Joseph Gunnar & Co LLC is acting as the exclusive placement agent for the proposed offering.
NUBURU expects stockholders’ equity to exceed $4m requirement for continued listing
NUBURU activates global defense execution platform through strategic alliance with Tekne
