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Supply@Me Capital PLC - London-based inventory monetisation platform - Says its client company has signed a binding commitment to carry out its first inventory monetisation transaction. The inventory monetisation solution helps manufacturing and trading businesses generate cash flow, it adds.
‘The company will provide further updates regarding this and, more broadly, its captive inventory monetisation initiatives in due course, also considering the other traditional inventory funding streams currently underway, aimed at deploying new IM transactions,’ the firm says.
In June, Supply@Me signed a strategic alliance with the VeChain Foundation, a blockchain enterprise service provider, to provide up to $10 million funding for its first inventory monetisation transactions.
Current stock price: 0.13 pence, up 7.0% in London on Monday
12-month change: down 49%
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