Advertisement|Remove ads.

Nuburu (BURU) stock rallied 15% on Friday after the company announced a new binding letter of agreement to acquire a 70% stake in Italy-based Tekne, reviving a deal framework first outlined in 2025.
The revised deal replaces the 2025 structure, which included issuing about $42 million in BURU shares and a €10.5 million ($12.1 million) capital injection into Tekne. Under the new framework, no shares will be issued; instead, Nuburu will direct capital toward Tekne’s growth and the expansion of its Defense & Security platform. The transaction would allow Nuburu to integrate Tekne’s capabilities in military mobility and electronic warfare into its platform.
Tekne is targeting about €50 million in full-year 2026 revenue, doubling to over €100 million in 2027. According to Nuburu’s last financial report for the year ended Dec. 31, 2024, it generated a revenue of $152,127. The company is yet to report its full-year 2025 results.
Earlier this week, Nuburu said its Ukraine-focused defense project with Tekne and Engineering Bureau (BERYL) entered the production phase.
The first prototype of Tekne’s GRAELION multi-terrain vehicle is now in manufacturing, with versions already used in Ukraine for demining. Nuburu expects initial Phase 1 revenue of €5–€10 million, with potential to grow to €80–€120 million as production scales.
The company is also expanding its defense push through new drone manufacturing and counter-drone technology initiatives.
Retail sentiment for BURU on Stocktwits turned 'bullish' from 'bearish,' amid 'high' message volumes.

One user said they would hold on to the stock till the second week of April.
Another user said the deal "massively strengthens BURU’s credibility, strategic value and long-term upside."
The stock has been under intense selling pressure so far in 2026, slumping 76%.
€1 = $1.16
Get updates to this developing story on Stocktwits.
For updates and corrections, email newsroom[at]stocktwits[dot]com.