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Supply@ME ( (GB:SYME) ) has shared an announcement.
Supply@ME Capital plc has announced updates to its US$5,150,000 on-demand convertible funding facility with Nuburu Inc., a high-tech company listed on the NYSE. The company has entered into a second amendment to the facility, adjusting the payment schedule and extending the deadline for necessary approvals to issue new shares. This amendment is crucial for the company’s financial operations and involves a material related party transaction due to the dual roles of Alessandro Zamboni, CEO of Supply@ME and Executive Chairman of Nuburu. The company is also working on finalizing its 2024 Annual Report, which is a step towards lifting the temporary suspension of its shares from trading.
More about Supply@ME
Supply@ME Capital plc is a fintech company that offers an innovative platform for manufacturing and trading companies to access Inventory Monetisation solutions. This allows businesses to generate cash flow without incurring debt by monetizing their existing inventory through third-party Inventory Funders.
Average Trading Volume: 117,353,100
Technical Sentiment Signal: Sell
Current Market Cap: £2.01M
See more data about SYME stock on TipRanks’ Stock Analysis page.