NUBURU to acquire Italian software firm Orbit

* NUBURU (BURU [https://seekingalpha.com/symbol/BURU]) on Tuesday said its subsidiary, Nuburu Defense has secured an agreement to acquire 100% of Orbit, an Italian software company specializing in operational resilience, business continuity, and crisis management.
* The transaction will be executed in two stages:
* Initial Capital Increase: Nuburu Defense will subscribe up to $5 million in Orbit’s capital within 36 months, starting with a $1.5 million advance for a 10.7% stake.
* Final Acquisition: Nuburu Defense will acquire the remaining equity of Orbit at a $12.5 million pre-money valuation by December 31, 2026.
* As part of the Agreement, Nuburu Defense receives exclusive global distribution rights for Orbit’s platform in defense and mission-critical sectors effective immediately, the company said.
* The total consideration of $12.5 million includes a $2.4 million net cash advance to Orbit’s owner, to be paid in tranches and which accounts for the partial offset of a $1.35 million NUBURU receivable.
* The remaining balance will be settled through NUBURU equity securities by the end of 2026.
* Source: Press Release [https://seekingalpha.com/pr/20257095-nuburu-to-acquire-orbit-expanding-defense-and-security-hub-with-cutting-edge-operational]

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