Supply@ME Capital PLC - London-based inventory monetisation platform - announces update in respect of the $5.2 million on-demand convertible funding facility signed in March with Nuburu Inc, a US-listed company of which Alessandro Zamboni, a director of the company, is executive chair. Says no further amounts have been received from Nuburu since May 1. Further, the fourth tranche of $1,000,000 due on or before May 31 has also currently not been received. Company says Nuburu is finalising the necessary regulatory approvals to allow it to raise the required capital to complete its strategic investments, which include also the full payment of each instalment envisaged within the facility.
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