Initial 20% Acquisition Completed, Creating New Foundation to Deploy Laser Technology Applications
CENTENNIAL, Colo., March 12, 2025--(BUSINESS WIRE)--NUBURU, Inc. (NYSE American: BURU), a leader in high-power and high-brightness industrial blue laser technology, is proud to announce the successful completion of the first key step in its strategic acquisition plan focused on the defense and security business sector. This pivotal move aligns with the Company’s ongoing commitment to cultivate synergies with its existing laser technology expertise and the adoption of cutting-edge, AI-driven solutions and robotic process automation capabilities by virtue of the recent partnership with NexGenAI.
Following the announcement of entering into a commitment letter to acquire a defense and security hub (which includes two target entities: a defense-tech company and a Software as a Service startup focused on operational resilience) in two stages, NUBURU has now completed the acquisition of an initial 20% ownership interest for an aggregate price of $1.5 million in cash and $23.5 million in five-year notes bearing a 10% interest rate. The second stage, which will require approval by NUBURU’s stockholders, involves the acquisition of additional ownership interests, resulting in NUBURU holding a controlling interest in the target entities.
This step will also be followed by the signing of a joint development agreement aimed at facilitating the adoption of advanced laser technology within the defense sector. Upon the completion of the second stage of the transaction, that acquisition, combined with a product development alliance, it’s expected NUBURU can leverage potential future up-selling strategies on the existing defense-tech's portfolio of clients, currently made of approximately 60 clients across 7 countries – which includes USA, Italy and UAE - with a robust backlog of orders totaling $309 million, with options for an additional $181 million.
"This initial acquisition is a significant milestone in our broader strategy to expand our position in the defense and security markets, where our laser-technology can play a pivotal role," said Alessandro Zamboni, Executive Chairman of NUBURU. "By combining our technological capabilities with strategic investments and development agreements, we are able to serve more efficiently our target addressable market. This is also consistent with a more safe and sound capital-light growth strategy, as recently demonstrated by the full extinguishment of the Company’s outstanding long-term indebtedness and keeping going intellectual property, key personnel and relationships to develop and operate within the laser technology field in key strategic sectors."
As NUBURU progresses in its acquisition strategy, it underscores its commitment to providing innovative solutions that meet the evolving needs of critical industries.
About NUBURU
NUBURU, Inc. was founded in 2015 as a developer and manufacturer of industrial blue laser technology that is transforming the speed and quality of laser-based manufacturing. Under its new management team led by Executive Chairman Alessandro Zamboni, NUBURU is executing a comprehensive growth and diversification strategy, expanding into complementary domains such as defense-tech, security, and operational resilience solutions. Headquartered in Centennial, Colorado, NUBURU is leveraging strategic partnerships and acquisitions to accelerate growth in high-value sectors. For more information, visit www.nuburu.net.
Important Information and Where to Find It
This press release relates to a proposed transaction and does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. In connection with the transaction described herein, the Company intends to file relevant materials with the SEC, including a proxy statement. The proxy statement will be sent to all stockholders. Before making any voting or investment decision, stockholders are urged to read the proxy statement and all other relevant documents filed or that will be filed with the SEC in connection with the proposed transaction as they become available because they will contain important information about the proposed transaction.
Stockholders will be able to obtain free copies of the proxy statement and all other relevant documents filed or that will be filed with the SEC through the website maintained by the SEC at www.sec.gov or by directing a request to the Company.
Participants in the Solicitation
The Company and its directors and executive officers may be deemed to be participants in the solicitation of proxies from stockholders in connection with the proposed transaction. A list of the names of such directors and executive officers, information regarding their interests in the transaction and their ownership of the Company’s securities are, or will be, contained in the Company’s filings with the SEC.
Forward-Looking Statements
This press release contains certain "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact contained in this press release may be forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including "may," "should," "expect," "intend," "will," "estimate," "anticipate," "believe," "predict," "plan," "seek," "targets," "projects," "could," "would," "continue," "forecast" or the negatives of these terms or variations of them or similar expressions. All forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All forward-looking statements are based upon estimates, forecasts, and assumptions that, while considered reasonable by the Company and its management, are inherently uncertain. Many factors may cause the Company's actual results to differ materially from current expectations, including but are not limited to: (1) the ability to meet security exchange listing standards; (2) failure to achieve expectations regarding business development and the Company’s acquisition strategy; (3) the inability to access sufficient capital to operate; (4) the inability to recognize the anticipated benefits of the initial business combination and the current transaction, which may be affected by, among other things, competition, the ability of the Company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (5) changes in applicable laws or regulations; (6) adverse impacts of general economic, business, and competitive factors; (7) volatility in the financial system and markets caused by geopolitical and economic factors; and (8) other risks and uncertainties set forth in the sections entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in the Company’s most recent periodic report on Form 10-K or Form 10-Q and other documents filed with the SEC from time to time. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The Company does not give any assurance that it will achieve its expected results. The Company assumes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, except as otherwise required by applicable law.
