Supply@ME Capital PLC (LON:SYME) CEO Alessandro Zamboni joined Proactive's Stephen Gunnion with news of a subscription agreement with Negma Group, alternative investment fund, for the issue of an initial tranche of £5.6 million of convertible loan notes.
Zamboni telling Proactive that proceeds of the issue will support the completion of its recent TradeFlow Capital Management acquisition and provide working capital.
The investment by Negma will also help to open up new markets where Supply@ME is looking at the possibility of a dual listing.