Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
The latest announcement is out from Supply@ME ( (GB:SYME) ).
Supply@ME Capital plc announced an update regarding its US$5,150,000 on-demand convertible funding facility with Nuburu Inc. The company has faced delays in receiving the scheduled funding tranches, with US$370,000 received out of the expected US$500,000 by the end of March 2025, and the US$1,000,000 tranche due by the end of April 2025 still outstanding. The delays are attributed to technical and regulatory issues faced by Nuburu, with efforts underway to resolve these challenges. The situation impacts SYME’s cash flow and highlights the interconnected roles of Alessandro Zamboni, who is both CEO of SYME and Executive Chairman of Nuburu.
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 enables businesses to generate cash flow without incurring debt by monetizing their existing eligible inventory through third-party Inventory Funders.
Technical Sentiment Signal: Buy
Current Market Cap: £2.08M
For detailed information about SYME stock, go to TipRanks’ Stock Analysis page.