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Supply@ME ( (GB:SYME) ) has provided an update.
Supply@ME Capital PLC announced an update regarding its US$5,150,000 on-demand convertible funding facility with Nuburu Inc., a high-tech company listed on the NYSE. As of the announcement date, US$2,000,000 due by 12 September 2025 remains outstanding, with US$952,000 received so far. SYME expects the remaining funds to be provided once Nuburu completes its new public offering. The announcement highlights the involvement of Alessandro Zamboni, who is both the CEO of SYME and Executive Chairman of Nuburu, indicating a related party connection in the funding arrangement.
More about Supply@ME
Supply@ME Capital PLC (SYME) operates in the fintech industry, providing an innovative platform for manufacturing and trading companies to access Inventory Monetisation solutions. This platform enables businesses to generate cash flow without incurring debt by monetizing existing eligible inventory through third-party funders.
Average Trading Volume: 117,353,100
Technical Sentiment Signal: Sell
Current Market Cap: £2.01M
For an in-depth examination of SYME stock, go to TipRanks’ Overview page.