{"id":439,"date":"2021-09-24T12:08:35","date_gmt":"2021-09-24T17:08:35","guid":{"rendered":"https:\/\/arc-group.com\/supplyme-replaces-negma-deal-with-new-loan-facility\/"},"modified":"2025-01-23T11:56:41","modified_gmt":"2025-01-23T16:56:41","slug":"supplyme-replaces-negma-deal-with-new-loan-facility","status":"publish","type":"post","link":"https:\/\/arc-group.com\/supplyme-replaces-negma-deal-with-new-loan-facility\/","title":{"rendered":"Supply@ME replaces Negma deal with new loan facility"},"content":{"rendered":"

SYME has agreed with ARC an initial loan tranche of \u00a35mln, with a further \u00a32mln available within 60 days<\/p>\n

\"Supply@ME\"<\/div>\n
\n
<\/div>\n<\/div>\n
\n

Supply@ME\u00a0Capital PLC agreed terms on a short-term loan facility with\u00a0Alarar Capital Group, an investment bank that works with family offices and institutions to arrange\u00a0funding.<\/p>\n

The new facility will replace a convertible loan subscription agreement signed with Negma Group, the stock monetisation platform said.<\/p>\n

Negma will receive 840mln of new shares under the agreement while the residual portion of \u00a32.1mln convertible notes will\u00a0be repaid in cash funded by the new\u00a0facility.<\/p>\n

As part of the deal, Negma has agreed not to short Supply@ME shares while the deal unwinds and not to sell more than 25% of daily value traded on any given day,<\/p>\n

Supply@ME\u00a0agreed with ARC an initial loan tranche of \u00a35mln, with a further \u00a32mln available within 60 days.<\/p>\n

The facility is for 12 months at an interest rate of 10% with warrants attached worth up to 20% of the \u00a37mln loan.<\/p>\n

The short-term loan facility will be linked to a Convertible Loan Note facility with Supply@ME\u00a0also working with ARC to explore a dual listing on NASDAQ,\u00a0the statement said.<\/p>\n

Alessandro Zamboni, Supply@ME\u00a0Capital’s chief executive,\u00a0added:\u00a0“This is a key development for\u00a0Supply@ME\u00a0providing us with further flexibility to execute our plans and accelerate our expansion in key markets.<\/p>\n

“ARC was impressed with our recent developments, confirmed by the recent trading update and the related revenue guidance.<\/p>\n

“I am very pleased to strengthen our relationship with ARC at this important stage in our company’s growth and I look forward to working with them closely as we further our efforts towards a dual listing.”<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

SYME has agreed with ARC an initial loan tranche of \u00a35mln, with a further \u00a32mln available within 60 days Supply@ME\u00a0Capital PLC agreed terms on a short-term loan facility with\u00a0Alarar Capital Group, an investment bank that works with family offices and institutions to arrange\u00a0funding. The new facility will replace a convertible loan subscription agreement signed with Negma […]<\/p>\n","protected":false},"author":3,"featured_media":442,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[20],"tags":[],"news_type":[41],"class_list":["post-439","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","news_type-news"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/posts\/439","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/comments?post=439"}],"version-history":[{"count":3,"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/posts\/439\/revisions"}],"predecessor-version":[{"id":5663,"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/posts\/439\/revisions\/5663"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/media\/442"}],"wp:attachment":[{"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/media?parent=439"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/categories?post=439"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/tags?post=439"},{"taxonomy":"news_type","embeddable":true,"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/news_type?post=439"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}