NUBURU Inc., a global leader in blue laser technology, has acquired a 2.9% equity stake in Tekne S.p.A. as part of a broader strategic alliance between the two companies. The equity participation was structured through the issuance of a subordinated, interest-free convertible instrument to Tekne's majority shareholder, rather than a cash payment. In addition, NUBURU provided Tekne with a €13 million shareholder convertible loan to support Tekne’s industrial development and defense programs. Subject to Italian Government Golden Power regulatory approvals, conversion of this loan could increase NUBURU’s ownership in Tekne to approximately 27.9%. The conversion of the instrument is based on a fixed price of USD 0.25 per NUBURU share, underscoring the companies' long-term partnership and alignment of interests.

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