Subscription Agreement Update - £1.2m Proceeds
The Smarter Web Company PLC announced the placement of 1,337,000 Ordinary Shares, as per the Subscription Agreement, generating gross proceeds of £1,185,771.81, or approximately £0.89 per share. The company anticipates receiving roughly 97% of these proceeds early this week. The remaining balance of Ordinary Shares yet to be placed under the Subscription Agreement is 13,878,000.
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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 1,337,000 Ordinary Shares have been placed in accordance with the terms of the Subscription Agreement announced on 04 September 2025 (the "Subscription Shares"). |
The gross proceeds from the placing of the Subscription Shares will be £1,185,771.81 (before expenses), equivalent to approximately £0.89 per share, and the Company will receive approximately 97% of the proceeds as settlement early this week. The balance of Ordinary Shares not yet placed pursuant to the Subscription Agreement is 13,878,000.
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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.