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Supply@ME ( (GB:SYME) ) has issued an announcement.
Supply@ME Capital plc has announced an update on its ongoing funding situation, particularly regarding its financial agreement with The AvantGarde Group S.p.A. (TAG). Despite TAG’s delayed payments, it has partially fulfilled its financial commitments to Supply@ME, although significant amounts remain outstanding. TAG is undergoing a restructuring process due to financial challenges, yet it assures continued support for Supply@ME’s funding needs. As a result, Supply@ME is exploring alternative funding options due to cash flow pressures and will inform the market about any developments.
More about Supply@ME
Supply@ME Capital plc operates in the fintech industry, offering an innovative platform for manufacturing and trading companies to access Inventory Monetisation solutions. These solutions enable businesses to generate cash flow without incurring debt by allowing their existing eligible inventory to be monetised through purchase by third-party inventory funders.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £1.65M
For a thorough assessment of SYME stock, go to TipRanks’ Stock Analysis page.
