Overview
- Nuburu Defense LLC signed a binding agreement to buy 100% of Italy-based Orbit S.r.l., a SaaS provider for operational resilience and crisis management.
- The deal is two-stage: up to $5 million in capital over 36 months starting with a $1.5 million advance for roughly 10.7%, followed by a final purchase by Dec. 31, 2026 at a $12.5 million pre‑money valuation.
- Total consideration includes a $2.4 million net cash advance that partially offsets a $1.35 million NUBURU receivable, with the remaining balance to be settled in NUBURU equity subject to a stockholder vote.
- Nuburu Defense gains immediate exclusive global distribution rights for Orbit’s platform in defense and mission‑critical sectors, targeting an estimated $3 billion 2025 market.
- BURU shares surged following the announcement, closing up about 86% Tuesday, rising roughly 24% after hours, and gaining another ~44% Wednesday morning.