NUBURU, Inc. announced on March 12, 2025, the successful completion of the first key step in its strategic acquisition plan focused on the defense and security business sector. This move aligns with the company’s commitment to cultivate synergies with its existing laser technology expertise.
The company acquired an initial 20% ownership interest in a defense and security hub for an aggregate price of $1.5 million in cash and $23.5 million in five-year notes bearing a 10% interest rate. This hub includes a defense-tech company and a Software as a Service startup focused on operational resilience.
Upon completion of the second stage of the transaction, the acquired entities are expected to leverage a portfolio of approximately 60 clients across 7 countries, including the USA, Italy, and UAE. This portfolio has a robust backlog of orders totaling $309 million, with options for an additional $181 million.
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