Nuburu, Inc., through its subsidiary, completed the acquisition of a controlling 70% interest in Italian firm Tekne S.p.A. for a fixed price of €5.2 million plus a potential €20 million earn-out. Separately, the company received a public warning letter from NYSE American for failing to timely disclose material information, with the exchange warning that any future violation will result in immediate delisting proceedings.
Key Details
- Acquisition Terms: The deal includes a €5.2 million fixed purchase price (€1.2M paid upfront, €4.0M deferred through March 2027) and a potential €20 million cash earn-out payable over 10 years based on Tekne's revenues, with a guaranteed annual minimum of €2 million.
- NYSE Warning: On October 19, 2026, Nuburu received a warning for violating exchange rules by not immediately disclosing two material events that occurred on September 30, 2026.
- Delisting Risk: Due to a history of violations, the NYSE explicitly stated that any future infraction that would typically merit a warning letter will instead trigger immediate suspension and the start of delisting proceedings against the company.