NUBURU, Inc. (BURU) Closes 70% Stake in TEKNE, Notes Equity Above $4M Threshold
NUBURU (BURU) completed a 70% acquisition of TEKNE, entering defense manufacturing. As of June 30, 2026, its stockholders' equity was ~$10.13M, exceeding the NYSE American's $4M threshold. TEKNE reported ~$96.8M in remaining order value, though preliminary. The move marks a strategic shift for NUBURU, aiming for listing compliance and revenue growth.

