REG - Supply@ME Capital - Funding update

Supply@Me CapitalAnnouncement

02/07/2025 12:00

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RNS Number : 4343P  Supply@ME Capital PLC  02 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.

2 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 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 set out in the announcement dated 24 June 2025, this
amount had not been received in line with the agreed payment schedule.

The Company is pleased to confirm that this amount of US$300,000 was received
from BURU on 2 July 2025. The latest communication that the board of directors
of SYME has had with BURU, via Alessandro Zamboni, is that BURU currently
expects to make the remaining payments to the Company in line with payment
schedule included in the Amended On-Demand Facility which remains as follows:

-     US $1,200,000 on or before 15 July 2025;

-     US $500,000 on or before 30 July 2025;

-     US $1,000,000 on or before 31 August 2025; and

-     US $1,500,000 on or before 20 September 2025.

 

The Company will issue further updates as 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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