Mar. 21 at 9:02 PM
$BURU SINCE people are apparently scared because “Muh, Tekne acquisition means more offering”
Tekne is valued at roughly
$51 Million. Nuburu is buying a 70% stake.
$1.74 Million of that (2.9%) has already been bought
$18.04 Million of that (32.1%) was already provided to Tekne through a loan and will convert to an equity stake in April
$14.04 Million of that (25%) was sourced from the recent
$12M offering and the
$23.25 Million YA II PN financing
$6.48 Million of that (10%) will come from remaining convertible debt and warrants that have already been issued
Every bit of it is already handled. And they even explicitly said in the shareholder letter that there “are no plans for further offerings” (which they cant do for 60 days anyway)
$ANNA $AZTR $ORBS $WNW
