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Funding update

16 Jul 2025 07:00

RNS Number : 2025R
Supply@ME Capital PLC
16 July 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.

16 July 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 announcements dated 11 June 2025 and 2 July 2025, SYME was due to receive the next tranche under the Amended On-Demand Facility of US$1,200,000 on or before 15 July 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$952,000.

The latest communication that the board of directors of SYME has had with BURU, via Alessandro Zamboni, is that while BURU has made positive progress towards obtaining the necessary shareholder and regulatory approvals, it recently experienced certain delays due to restatements that were required to be made to BURU's previously published financial statements. Following the publication of the restatements and the filing of an updated S-1 registration statement with the US Securities and Exchange Commission, BURU expects the updated S-1 registration statement to become effective, which will allow 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, via Alessandro Zamboni, has indicated that it expects the overdue amount of US$1,200,000 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, investors@supplymecapital.com

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