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Supply@ME Issues New Shares Following Warrant Exercises

Story Highlights
  • Supply@ME enables manufacturers and traders to monetise inventory via a non-debt fintech platform.
  • Shareholders exercised 488,163 warrants, modestly increasing Supply@ME’s share capital on the LSE.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Supply@ME Issues New Shares Following Warrant Exercises

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Supply@ME ( (GB:SYME) ) just unveiled an update.

Supply@ME Capital has announced the exercise of 488,163 open offer warrants by certain shareholders, resulting in the issue of an equal number of new ordinary shares and gross proceeds of £317.31. The company has applied for these shares to be admitted to trading on the London Stock Exchange’s main market, which will bring its total issued share capital to 71,732,639,177 ordinary shares and leave 160,275,770 open offer warrants outstanding, information that will be relevant for investors monitoring their disclosure obligations under UK transparency rules.

More about Supply@ME

Supply@ME Capital plc is a fintech company that operates a platform enabling manufacturing and trading businesses to monetise their inventory and unlock cashflow. Its model offers non-credit, non-debt inventory monetisation solutions by arranging the purchase of eligible stock, such as warehouse goods or import/export commodities, by third-party funders, targeting companies seeking alternative working capital financing.

Technical Sentiment Signal: Sell

Current Market Cap: £2.15M

See more insights into SYME stock on TipRanks’ Stock Analysis page.

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