Nuburu In Spotlight After JV Update With Maddox: BURU Stock Wipes Off Early Gains

• After Phase I, the program will move into full system setup, infrastructure rollout, and early production readiness.
• The JV focuses on the development of a mobile, container-based manufacturing system for defense components. 
• Nuburu signed an agreement to acquire a 70% stake in Italy-based Tekne last week.

Shares of Nuburu, Inc (BURU) gave up most of their early gains to trade 1% higher on Wednesday, after the company began Phase I operations under its joint venture with Maddox Defense, marking a crucial step in its expansion into U.S. defense manufacturing.

Phase I marks the shift from planning to active operations, with the company setting up a climate-controlled unit in Texas to support the development of defence applications, including drone manufacturing.

After Phase I begins, the program will move into full system setup, infrastructure rollout, and early production readiness, Nuburu added.

In February, Nuburu signed a joint venture agreement with Maddox Defense to develop a mobile, container-based manufacturing system for drone parts and critical defense components. The platform will enable on-demand production in the field and reduce reliance on traditional supply chains, the company said.

Tekne Buyout Offer

Last week, Nuburu signed an agreement to acquire a 70% stake in Italy-based Tekne S.p.A., reviving a deal first proposed in 2025. Under the revised structure, Nuburu will not issue new shares but will instead invest capital to support Tekne’s growth and expand its Defense & Security platform. 

Tekne is targeting around €50 million (around $58 million) in 2026 revenue, with plans to exceed €100 million in 2027. The company is also advancing its GRAELION multi-terrain vehicle project, which has entered production and could generate up to €120 million as it scales.

How Did Stocktwits Users React?

Retail sentiment for BURU on Stocktwits remained ‘bullish’ over the past 24 hours, amid ‘high’ message volumes. 

One user said the high trading volumes could mean institutional interest.

Around 70 million shares changed hands on Wednesday, compared with the average of five million, according to Stocktwits data.

Another user highlighted Maddox’s credibility.

The stock is down around 80% so far this year.

€1 = $1.16

For updates and corrections, email newsroom[at]stocktwits[dot]com.