NUBURU, Inc. announced on February 19, 2025, its entry into a commitment letter for a strategic transaction aimed at expanding its business into the defense and security sectors. This initiative is part of a pivotal transformation plan, which includes recapitalization and multiple acquisitions.
The first stage of this plan involves acquiring a license for defense technology, a 20% ownership interest in a defense-tech company, and a controlling interest in a Software as a Service (SaaS) startup focused on operational resilience. The aggregate price for this initial stage is $1.5 million in cash and $23.5 million in five-year notes bearing a 10% interest rate.
This strategic move targets rapidly growing markets, with the defense market projected to expand from $491.06 billion in 2024 to $527.06 billion in 2025, and the cybersecurity market from $243.15 billion to $267.51 billion in the same period. The second stage of the acquisition will require stockholder approval.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.