Subscription Agreement Update - £0.3m Proceeds
The Smarter Web Company PLC announced the placement of 407,500 Ordinary Shares, generating gross proceeds of £276,781.80, or approximately £0.68 per share, before expenses. The company anticipates receiving approximately 98% of these proceeds early this week. Following this placement, 13,470,500 Ordinary Shares remain to be placed under the existing Subscription Agreement. The company acknowledges the recent decline in its mNAV, attributing it to a broader market compression affecting companies with Bitcoin treasuries.
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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 407,500 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 £276,781.80 (before expenses), equivalent to approximately £0.68 per share, and the Company will receive approximately 98% of the proceeds as settlement early this week. The balance of Ordinary Shares not yet placed pursuant to the Subscription Agreement is 13,470,500.
Andrew Webley, CEO of The Smarter Web Company, commented: "We recognise the recent decline in the Company's mNAV, reflecting a broader compression across companies adopting Bitcoin treasuries.
While sentiment towards holding Bitcoin on corporate balance sheets will fluctuate, we remain focused on building long-term value and strengthening our position through disciplined, strategic use of equity and other tools."
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.