Subscription Agreement Update - £5m Gross Proceeds
3.8m ordinary shares placed at £1.30 per share raising £5m gross proceeds.
- Ordinary Shares placed 3,826,799
- Price per share £1.30
- Gross proceeds £4,956,905
- Net proceeds to company Approximately 97% of gross proceeds
- Outstanding Subscription Shares not yet placed 17,722,000
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| The Smarter Web Company (AQUIS: SWC | OTCQB: TSWCF | FRA: 3M8), a London-listed technology company and the UK's largest publicly traded company holding Bitcoin on its balance sheet, announces that 3,826,799 Ordinary Shares have been placed in accordance with the terms of the Subscription Agreements announced on 19 June 2025 and 04 September 2025 (the "Subscription Shares"). |
The gross proceeds from the placing of the Subscription Shares will be £4,956,905 (before expenses), equivalent to approximately £1.30 per share, and the Company will receive approximately 97% of the proceeds as settlement early this week.
All Ordinary Shares pursuant to the Subscription Agreement announced on 19 June 2025 have now been placed and the balance of Ordinary Shares not yet placed pursuant to the Subscription Agreement announced on 04 September 2025 is 17,722,000.
Visit our website: https://www.smarterwebcompany.co.uk
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| The Smarter Web Company CEO Andrew Webley | +44 (0) 117 313 0459 |
| Tennyson Securities Lead Broker Peter Krens | +44(0) 207 186 9030 |
| Strand Hanson Limited Aquis Stock Exchange Corporate Adviser James Spinney / James Bellman | +44 (0) 207 409 3494 |
The Directors of the Company accept responsibility for the contents of this announcement.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.