Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Supply@ME ( (GB:SYME) ) has shared an update.
Supply@ME Capital PLC announced an update regarding its US$5,150,000 on-demand convertible funding facility with Nuburu Inc. The company was due to receive a second tranche of US$500,000 by 31 March 2025, which has not yet been received. However, communication from Nuburu indicates the funds will be received shortly. Previously, SYME received an advance payment of US$150,000 under this facility. The delay in funding may impact SYME’s cash flow operations and its ability to leverage its platform for inventory monetization, potentially affecting stakeholders’ confidence.
More about Supply@ME
Supply@ME Capital PLC (SYME) is a fintech company that offers an innovative platform for manufacturing and trading companies to access Inventory Monetisation solutions. This platform allows businesses to generate cash flow by monetizing their existing inventory without incurring debt, through third-party inventory funders.
Technical Sentiment Signal: Buy
Current Market Cap: £2.51M
See more insights into SYME stock on TipRanks’ Stock Analysis page.