Overview

• The two-stage transaction includes up to $5 million in capital over 36 months starting with a $1.5 million advance for about 10.7% of Orbit, then a final buyout by December 31, 2026 at a $12.5 million pre-money valuation.
• Consideration comprises a $2.4 million net cash advance partially offset by a $1.35 million NUBURU receivable, with the remaining balance to be settled in NUBURU equity subject to stockholder approval.
• Nuburu Defense gained immediate exclusive global distribution rights for Orbit’s platform in defense and other mission-critical sectors.
• Orbit is owned by NUBURU Executive Chairman Alessandro Zamboni; an external financial advisor reviewed the deal and independent directors approved it, and the company plans to file a proxy statement with the SEC.
• Shares jumped on the news, with BURU closing Tuesday up 86% at $0.48 and rising a further 24% after-hours to $0.59, as NUBURU outlined plans to integrate Orbit’s SaaS with Tekne electronic-warfare systems and its laser technology to target a roughly $3 billion market.