NUBURU, Inc. Announces Stockholder Approval for Strategic Transformation in Defense-Tech
NUBURU, Inc. (NYSE American: BURU) has secured overwhelming stockholder approval for crucial proposals that support its financing strategy, marking a significant step in its shift towards becoming a key player in defense technology through its Defense & Security Hub initiative. Key approvals include the election of Alessandro Zamboni as a Class III director until 2028 and an increase in authorized share capital to enhance growth initiatives. The company plans to finalize a strategic investment in Tekne S.p.A., which focuses on tactical defense technology, projected to generate substantial revenue. Zamboni emphasized that this vote reinforces their transformation plan initiated earlier this year, positioning NUBURU for future financial flexibility and attractiveness to investors. A potential reverse stock split was also authorized, although management aims to minimize dilution for stockholders. The review process for the Tekne investment is expected to conclude by August 5, 2025, pending necessary approvals from Italian authorities.
