Subscription Agreement Update - £1.7m Proceeds

In brief · summary, not quotable

The Smarter Web Company PLC has announced an update regarding its Subscription Agreement, confirming the placement of 3,265,000 Ordinary Shares which generated gross proceeds of £1,673,092, approximately £0.51 per share, with the company retaining 98.25% of these proceeds. The company still has 59,975,500 Ordinary Shares available for placement under the agreement. This news is significant as the company holds treasury reserves and surplus cash in Bitcoin, a volatile and unregulated cryptoasset, which exposes it to considerable risk despite the board's belief in its value as a store of value and growth.

Full announcement

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The Smarter Web Company (AQUIS: SWC

OTCQB: TSWCF

FRA: 3M8) announces that 3,265,000 Ordinary Shares have been placed in accordance with the terms of the Subscription Agreement announced on 24 December 2025 (the "Subscription Shares").

The gross proceeds from the placing of the Subscription Shares will be £1,673,092 (before expenses), equivalent to approximately £0.51 per share, and the Company will receive approximately 98.25% of the proceeds as settlement. The balance of Ordinary Shares not yet placed pursuant to the Subscription Agreement is 59,975,500.

Visit our website: https://www.smarterwebcompany.co.uk

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.