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Funding update

24th Jun 2025 07:00

RNS Number : 1082O
Supply@ME Capital PLC
24 June 2025
 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 2014/596/EU, WHICH IS PART OF UNITED KINGDOM DOMESTIC LAW PURSUANT TO THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) ("UK MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION (AS DEFINED IN UK MAR) IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

24 June 2025

Supply@ME Capital plc

(The "Company" or "SYME")

Funding update

 

SYME, the fintech business which provides an innovative fintech platform (the "Platform") for use by manufacturing and trading companies to access Inventory Monetisation© ("IM") solutions enabling their businesses to generate cashflow, announces the following update in respect of the US$5,150,000 on-demand convertible funding facility signed on 18 March 2025, and amended on 10 June 2025, with Nuburu Inc., a NYSE listed (NYSE American: BURU) high-tech company of which Alessandro Zamboni, a director of the Company, is Executive Chairman ("BURU") (the "Amended On-Demand Facility").

As set out in the announcement dated 11 June 2025, SYME was due to receive the next tranche under the Amended On-Demand Facility of US$300,000 on or before 23 June 2025, however as at the date of this announcement this amount has not been received. The amounts received by the Company from BURU under the Amended On-Demand Facility as at the date of this announcement total US$650,000.

The latest communication that the board of directors of SYME has had with BURU, via Alessandro Zamboni, is that BURU has made positive progress towards obtaining the necessary regulatory approvals including, inter alia, the effectiveness of the S-1 registration statement filed with the US Securities and Exchange Commission. Once these regulatory approvals are finalised, this will allowed BURU to commence its use of the Stand-by Purchase Agreement (the "SEPA") signed with YA II PN, LTD. (a fund managed by Yorkville Advisors) on 30 May 2025. BURU has indicated that it expects the overdue amount of US$300,000 will shortly be provided to the Company. Accordingly, the Company will issue a further update once this has been received, or as otherwise required.

Alessandro Zamboni, the Chief Executive Officer of the Company, is a related party in connection with the Amended On-Demand Facility due to the fact that he is also the Executive Chairman of BURU.

For the purposes of UK MAR, the person responsible for arranging release of this announcement on behalf of SYME is Alessandro Zamboni, CEO.

Notes

SYME and its operating subsidiaries provide its Platform for use by manufacturing and trading companies to access inventory trade solutions enabling their businesses to generate cashflow, via a non-credit approach and without incurring debt. This is achieved by their existing eligible inventory being added to the Platform and then monetised via purchase by third party Inventory Funders. The inventory to be monetised can include warehoused goods waiting to be sold to end-customers or goods that are part of a typical import/export transaction.

Contacts

Albert Ganyushin, Chairman, Supply@ME Capital plc, [email protected]

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