Business
Amendment to Nuburu On-Demand Funding Facility
Supply@ME Capital plc has amended its US$5,150,000 on-demand convertible funding facility with Nuburu Inc., extending the deadline for obtaining necessary shareholder and regulatory approvals from 30 June 2026 to 31 January 2027. Consequently, the full repayment date for the facility has been pushed from 31 December 2026 to 31 August 2027, provided approvals are secured and no default events occur. This amendment, considered a material related party transaction due to a director's dual role, was approved by independent directors as fair and reasonable. The company also continues negotiations for the acquisition of Société Financière Européenne S.A.'s inventory ownership business. Disclaimer*
About this update from Supply@me Capital Plc
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 June 2026 Supply@ME Capital plc (The "Company" or "SYME") Amendment to Nuburu On-Demand Convertible Funding Facility 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, 29 August 2025 and 31 December 2025, with Nuburu Inc., a NYSE listed (NYSE American: BURU) high-tech company ("Nuburu") of which Alessandro Zamboni, a director of the Company, is Executive Chairman and Co-Chief Executive Officer ("Co-CEO") (the "Amended Nuburu On-Demand Facility"). As set out in the Group's consolidated financial statements for the year ended 31 December 2024 and the Group's interim financial statements for the six months ended 30 June 2025, under the Amended Nuburu On-Demand Facility, approvals are required from the shareholders of the Company, the Financial Conduct Authority (the "FCA") and The Panel on Takeovers and Mergers (together, the "Approvals") in order for the Company to be able to repay the Amended Nuburu On-Demand Facility through the issue of new ordinary shares rather than in cash. Additionally, it was noted that if the Approvals are not obtained by the Company by 30 June 2026, Nuburu can demand repayment in cash at any time after this date and the Company is required to provide security over the intellectual property rights and receivables related to its Italian subsidiary entities in favour of Nuburu. The Company and Nuburu entered into a fourth amendment to the Amended Nuburu On-Demand Facility on 15 June 2026 (the "Amendment") which amends the following key terms of the Amended Nuburu On-Demand Facility: · The date by which the Approvals are required to be obtained has been extended from 30 June 2026 to 31 January 2027; a...
View stock analysis, news, and events for Supply@me Capital Plc