REG - Supply@ME Capital - Funding update

Supply@Me CapitalAnnouncement

01/04/2025 11:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250401:nRSA1488Da&default-theme=true

RNS Number : 1488D  Supply@ME Capital PLC  01 April 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.

01 April 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 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 "New On-Demand Facility").

As set out in the announcement dated 19 March 2025, SYME was due to receive
the second tranche of US$500,000 on or before 31 March 2025. This amount has
currently not been received by the Company, however the latest communication
that the board of directors of SYME has had with BURU, via Alessandro Zamboni,
is that the US$500,000 will be received by the Company shortly.

The Company will issue a further update once the US$500,000 (that was due on
or before 31 March 2025) has been received.

As set out in the announcement dated 19 March 2025, SYME previously received
US$150,000 from BURU as an advance payment under the New On-Demand Facility.
To date no other amounts have been received from BURU under the New On-Demand
Facility.

Alessandro Zamboni, the Chief Executive Officer of the Company, is a related
party in connection with the New 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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  UPDUAVKRVNUSRRR