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LONDON - Supply@ME Capital plc (SYME) announced today that a $2 million funding tranche due by September 12 under its convertible funding facility with Nuburu Inc. (NYSE American:BURU) remains outstanding.
The fintech company, which provides an inventory monetization platform for manufacturing and trading companies, has received only $952,000 to date from the total $5.15 million on-demand convertible funding facility that was signed in March 2025 and subsequently amended in June and August.
According to the company’s statement, SYME expects to receive the delayed $2 million payment once BURU completes its newly announced public offering. Nuburu filed an S-1 registration statement with the U.S. Securities and Exchange Commission on September 10.
A second tranche of approximately $2.2 million is scheduled to be provided by October 31 under the terms of the amended facility.
The funding arrangement represents a related party transaction as Alessandro Zamboni serves as both SYME’s Chief Executive Officer and BURU’s Executive Chairman.
Supply@ME Capital’s platform enables manufacturing and trading companies to generate cashflow from their existing inventory through a non-credit approach that doesn’t require them to incur debt.
The information was released as a regulatory announcement through the London Stock Exchange’s news service.
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