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The latest announcement is out from Supply@ME ( (GB:SYME) ).
Supply@ME Capital plc announced an amendment to its US$5,150,000 on-demand convertible funding facility with Nuburu Inc., following delays in receiving payments. The amendment outlines a revised schedule for receiving the remaining US$4,500,000 and extends the deadline for obtaining necessary approvals to 31 March 2026. This strategic move aims to ensure the company’s liquidity and operational stability while maintaining its industry position. The amendment also involves interest adjustments and the potential for BURU to demand repayment if approvals are not met. The transaction was deemed fair by independent directors, excluding CEO Alessandro Zamboni, who is a related party.
More about Supply@ME
Supply@ME Capital plc operates in the fintech industry, offering a platform that enables manufacturing and trading companies to monetize their inventory without incurring debt. This is achieved through third-party Inventory Funders purchasing eligible inventory, which includes warehoused goods or those involved in import/export transactions.
Technical Sentiment Signal: Sell
Current Market Cap: £2.01M
Find detailed analytics on SYME stock on TipRanks’ Stock Analysis page.