# NUBURU Targets October 15 Closing for Tekne Acquisition

- URL: https://stocks.freetheai.org/news/nuburu-targets-october-15-closing-for-tekne-acquisition-e6d412
- Published: 2026-10-09T12:30:00Z
- Category: mergers; sentiment: mixed; impact: medium
- Symbols: [AMEX:BURU](https://stocks.freetheai.org/symbols/AMEX-BURU)
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NUBURU, Inc. (AMEX:BURU) has updated its timeline for acquiring a 70% controlling interest in Italian industrial firm Tekne S.p.A. The company is now targeting October 15, 2026, for the final notarial meeting to close the transaction. This updates a previous schedule that aimed for completion during the first week of October. NUBURU's stock fell 5.43% to $0.9741 following the announcement.

The transaction has already cleared its main regulatory hurdle, having received Golden Power clearance from the Italian government on August 5, 2026. Tekne operates three sites in Italy with around 185 employees and represents a key industrial foundation for NUBURU's defense and security platform. Additionally, Tekne management recently reported approximately $135.4 million in preliminary, unaudited net remaining order value, which could significantly expand NUBURU's international footprint once integrated.

The acquisition remains subject to final corporate approvals, notarial formalities, and compliance with the regulatory conditions set by the Italian government. Investors will be watching for the official closing announcement, which NUBURU has stated it will release immediately upon completion of the transaction.

## Key points

- NUBURU, Inc. (AMEX:BURU) is targeting an October 15, 2026 closing date to acquire 70% of Italian firm Tekne S.p.A.
- The transaction cleared its primary regulatory hurdle after receiving Golden Power clearance from the Italian government in August.
- Tekne operates three sites in Italy with 185 employees and has an estimated $135.4 million in preliminary remaining order value.
- NUBURU shares fell 5.43% on Friday to trade at $0.9741.

## Questions and answers

### When will NUBURU close its acquisition of Tekne?

NUBURU is targeting October 15, 2026, for the final notarial meeting to complete the transaction.

### What regulatory approvals has the Tekne acquisition received?

The transaction received Golden Power authorization from the Italian government on August 5, 2026.

### What is Tekne's current order value?

Tekne management reported approximately $135.4 million in preliminary, unaudited net remaining order value.