BURU News & Events

NUBURU announced the activation of Phase I execution under its previously announced joint venture between its wholly owned subsidiary Nuburu Defense and Maddox Defense Incorporated, marking a key step in the Company's strategic expansion into U.S.-based defense manufacturing and operational infrastructure This Phase I activation represents the transition from engineering and planning into active operational deployment, with teams currently on-site in Houston, Texas initiating system integration, infrastructure deployment, and manufacturing readiness. The program has progressed from planning and engineering into active execution, with personnel engaged in procurement coordination, system integration planning, and facility readiness activities.The initiative includes the deployment of a climate-controlled mobile additive manufacturing container platform designed to enable rapid, decentralized production capabilities in support of defense, infrastructure, and mission-critical applications. This solution is expected to support both domestic and international deployment scenarios, enabling manufacturing at or near the point of need-significantly reducing reliance on traditional supply chains and accelerating operational timelines.

Nuburu announced that it has signed a new binding letter of agreement with the shareholders of Tekne to acquire a controlling 70% ownership stake in the company, restoring the strategic acquisition framework originally announced in 2025. The agreement follows institutional interactions conducted with Italian Government representatives, enabling the parties to proceed with the transaction framework, subject to final authorization under Italy's Golden Power regulatory process governing strategic national-interest industries and expected to be initiated in April. Tekne is targeting approximately EUR 50M in revenue in 2026 and more than EUR 100M in 2027, and upon completion of the transaction Nuburu would hold a 70% ownership stake, enabling consolidation of Tekne's operations within Nuburu's Defense & Security platform. The agreement restores Nuburu's original plan to acquire a controlling stake in Tekne. The agreement establishes a structured transaction through which Nuburu will progressively reach a 70% ownership stake in Tekne, based on a reference valuation of EUR 52M for Tekne. This structure replaces the original 2025 transaction framework, which contemplated the issuance of approximately $42M of Nuburu shares to Tekne sellers as acquisition consideration together with a EUR 10.5M capital increase in Tekne. Under the newly agreed framework, no issuance of Nuburu shares to the Tekne sellers is contemplated, and capital deployed by Nuburu is expected to be primarily directed toward supporting Tekne's industrial development and the expansion of Nuburu's integrated Defense & Security platform. Nuburu currently holds 2.9% of Tekne's share capital.

Nuburu announced that its Ukraine initiative with Tekne and Engineering Bureau has entered the production phase under an executing industrial program supporting Ukraine deployment activities. Following the execution of the strategic cooperation agreement, the initiative has advanced into active manufacturing, with the first Graelion tactical prototype entering the production line, as formally certified by Tekne in an official industrial progress declaration dated March 17, 2026. The program is aligned with Phase 1 revenue objectives in the EUR 5M-10M range and provides visibility toward scaled deployment as production ramps.

NUBURU issued a letter to its shareholders, which read in part, " On behalf of the Board of Directors and the entire management team of NUBURU, Inc., I would like to sincerely thank our Shareholders for their participation and support at the Special Meeting of Shareholders held on March 12, 2026.The approval of the proposals presented at the meeting provides NUBURU with important strategic flexibility as we continue executing the Company's transformation into a dual-use Defense & Security platform focused on non-kinetic technologies, advanced software systems, and mission-critical infrastructure...We recognize that one of the proposals approved at the meeting - authorizing the potential issuance of securities in private placements - has generated questions among shareholders. It is important to clarify that the shareholder approval relates to a standard regulatory authorization that establishes the maximum terms under which the Company could complete a private placement if and when appropriate. The approval does not represent a planned financing transaction, nor does it indicate that the Company intends to issue securities at any specific discount level. Rather, the authorization provides the Company with the strategic flexibility required under NYSE American rules to pursue financing and strategic transactions when appropriate - including potential acquisitions, industrial partnerships, or other initiatives designed to strengthen NUBURU's operational platform. Companies operating in high-growth technology and defense sectors frequently maintain this type of authorization in order to act quickly when strategic opportunities arise. Management's objective remains clear: to use capital strategically to build long-term shareholder value. Management and the Board fully understand that Shareholders are attentive to dilution. Accordingly, any capital strategy pursued by the Company will continue to prioritize:supporting strategic acquisitions that expand NUBURU's technology and industrial platform; strengthening the Company's balance sheet and financial stability; maintaining compliance with NYSE American continued listing standards; ensuring that any financing initiatives support long-term value creation The flexibility approved by Shareholders is intended to allow the Company to build and scale its strategic platform, not to dilute it. Following the restructuring and strategic initiatives undertaken in recent months, 2026 represents a transition year for NUBURU - moving from platform restructuring toward operational revenue generation....Management's focus is now firmly on execution, commercialization, and measurable operational milestones...Following the reverse stock split and the restructuring actions undertaken in recent months, management believes the Company now has the structural tools necessary to move forward with its next phase of growth. As NUBURU transitions into a phase of operational execution and revenue generation during 2026, we believe that continued progress across the Company's strategic initiatives should progressively strengthen its financial profile and operating platform. In management's opinion, the current trading price of NUBURU shares does not yet reflect the underlying value of the Company's evolving platform and strategic initiatives. Based on internal assessments and the Company's projected asset base following the initiatives currently underway, management believes that the present market valuation is approaching levels broadly comparable to the net asset value expected to be reflected on the Company's balance sheet by the end of the first quarter of 2026. As the Company advances its strategy and begins translating its platform into revenue generation and operating scale, we believe the market will increasingly recognize the intrinsic value of the business."