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Nuburu Stock Surges 30% in Pre-Market on Strategic Italian Software Acquisition
Nuburu Stock Surges 30% in Pre-Market on Strategic Italian Software Acquisition
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BTCCSquare news:
Nuburu Inc. (BURU) shares jumped over 30% in pre-market trading following the announcement of a binding agreement to acquire Italian software firm Orbit S.r.l. The deal, structured as a two-phase transaction through Nuburu Defense LLC, marks the laser technology firm's first expansion into defense software solutions.
Investors responded enthusiastically to the strategic pivot, driving BURU up 86% on Tuesday. The acquisition includes an initial $1.5 million investment for a 10.7% stake, with plans to complete full ownership by 2026 at a $12.5 million valuation. Orbit specializes in crisis management software, complementing Nuburu's high-power blue laser systems for industrial applications.
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