NUBURU Poised to Finalize Strategic Acquisition and Prepare the Adoption of Advanced Technology, Artificial Intelligence & Robotics Initiatives as It Awaits Italian Government ‘Golden Power' Approval
NUBURU, Inc. (NYSE:BURU), a leader in high-power blue laser technology, announced today that it has filed with the Securities and Exchange Commission a Form S-3 Registration statement for $100 million. This strategic move is designed to provide the company with the necessary capital to facilitate the ongoing acquisition plan and successfully relaunch its Blue Laser technology business unit.
As reaffirmed in the latest communications, NUBURU aims at completing the purchase of defense and security businesses, referred to herein as the "Defense & Security Hub" for confidentiality reasons. This hub will focus on delivering cutting-edge products tailored for defense applications ("DefenseTech Business") while providing robust operational resilience solutions through a software-as-a-service model ("SaaS Business"). Once finalized, these acquisitions are projected to contribute over $50 million in revenue for NUBURU in 2025, subject to U.S. GAAP accounting and the effective date of the closing.
The DefenseTech Business acquisition involves a well established scale-up company which is subject to governmental review under Italy's "golden power," which allows the Italian government to screen and potentially block foreign investments in sectors deemed critical to national security. This regulatory assessment, which it's expected to be completed by end of June, aims to ensure that investments align with the national interest, particularly in areas such as defense and critical technologies.
NUBURU is also actively advancing its Transformation Plan, which emphasizes the adoption of exponential technologies, including artificial intelligence (AI) and robotics by leveraging the strategic partnership with COEPTIS' NexGenAI Affiliates Network (NASDAQ:COEP), with particular reference to the SaaS Business and the Blue-Laser technology go-to-market.
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