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Supply@ME ( (GB:SYME) ) has provided an announcement.
Supply@ME Capital plc announced a delay in receiving a US$1,200,000 tranche from its US$5,150,000 on-demand convertible funding facility with Nuburu Inc., due to restatements in Nuburu’s financial statements. Despite these delays, Nuburu expects to provide the overdue amount shortly, which will impact SYME’s cash flow and operations. The company will update stakeholders once the funds are received.
More about Supply@ME
Supply@ME Capital plc (SYME) operates in the fintech industry, offering an innovative platform for manufacturing and trading companies to access Inventory Monetisation solutions. This platform enables businesses to generate cash flow by monetizing their inventory without incurring debt, through purchases by third-party Inventory Funders.
Average Trading Volume: 117,353,100
Technical Sentiment Signal: Sell
Current Market Cap: £2.01M
For a thorough assessment of SYME stock, go to TipRanks’ Stock Analysis page.
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