BURU

Strategic Alliance Update: NUBURU, Inc. has strengthened its partnership with Tekne through a new agreement aimed at enhancing defense innovation and military drone development, with a focus on establishing a "Network Contract" under Italian law by November 30, 2025.

Joint Market Strategies: The collaboration includes exclusive distribution rights for Tekne's products in the Americas and joint efforts in NATO, MENA, and APAC regions, as well as pursuing defense operator qualifications in Italy for military drone solutions.

Resource Sharing and Innovation: The partnership will involve sharing critical assets and capabilities, with Tekne contributing its expertise and facilities, while NUBURU commits to financial support and co-investment in technological innovation projects.

Financial Commitment: NUBURU has pledged €15 million to bolster Tekne's financial position, which includes a convertible shareholder loan and plans to notify the Italian government regarding their strategic cooperation and joint ventures in defense initiatives.

Initial Acquisition Details: NUBURU, Inc. has completed the first phase of acquiring Orbit S.r.l., securing a 10.7% equity position with an initial investment of $1.5 million, and plans to invest an additional $3.5 million to achieve majority ownership.

Market Expansion: The acquisition aims to enhance NUBURU's capabilities in operational resilience and crisis management, tapping into a projected market worth $2.9–$3.6 billion by 2025, while transitioning from hardware to software-driven solutions.

Integration with Drone Technology: Orbit's technology will integrate with NUBURU's drone joint venture, combining real-time intelligence gathering with decision-making capabilities to enhance threat detection and operational readiness.

Leadership Vision: NUBURU's leadership emphasizes the strategic importance of this acquisition in diversifying their technology offerings and positioning the company as a leader in defense-resilience technology, focusing on expanding Orbit's client base in critical sectors.

Warning from NYSE: NUBURU, Inc. received a warning letter from NYSE American for failing to notify the Exchange before announcing a dual-CEO structure, which is a violation of Section 401(a) of the Company Guide.

Company's Response: NUBURU acknowledges the Exchange's concerns and is taking steps to improve its procedures for disseminating material information to ensure future compliance.