Funding update
Supply@ME Capital PLC announced that it received the final tranche of US$2,198,000 on October 17, 2025, from Nuburu Inc. under the amended on-demand convertible funding facility. This completes the total funding of US$5,150,000 due under the facility. The initial on-demand convertible funding facility was signed on March 18, 2025, and amended on June 10, 2025, and August 29, 2025.
Select text to share a quote on X · sign in to keep highlights & notes in your SYME notes
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 and 29 August 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 18 September 2025, SYME was due to receive the final tranche under the Amended On-Demand Facility of US$2,198,000 on or before 31 October 2025.
The Company is pleased to confirm that this final amount of US$2,198,000 was received from BURU on 17 October 2025. As at the date of this announcement, the full amount of US$5,150,000 due under the Amended On-Demand Facility has been received by the Company from BURU.
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.
Notes
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.