Mar. 21 at 11:21 PM
$BURU 💪🫡 BURU’s Tekne deal has always been constrained by Italy’s Golden Power laws, which restrict foreign control of defense assets. Tekne falls under this, so BURU was initially capped at a ~3% stake while regulators reviewed the structure.
The 2025 deal wasn’t rejected — it was forced into a phased approach. Italy required BURU to prove it could responsibly own and support a defense contractor, including financial strength, operational capability, and national security alignment.💪
Now BURU is re-attempting the deal with a binding agreement and new filing is expected in April. 🫡
The key hurdle remains the same: convincing Italy it can financially and operationally support Tekne without risking strategic assets. If approved, BURU becomes a controlling defense operator with real revenue exposure.🪖🎖️