6th Oct 2025 14:27
Smarter Web Co PLC - Bristol, England-based web design, web development and online marketing services provider with bitcoin treasury - Says it has raised GBP9.7 million through a placing of 9.7 million shares at 100 pence each. Notes that GBP8 million of this amount was via a subscription from new US institutional investor Maxim Group LLC and that this reflects its status as a bitcoin-holding UK firm. Notes that each placing share is issued with a warrant valid for 36 months at 1.50p. Says it may demand warrants be exercised if its shares trade 200% above 1.50p for 10 consecutive days in the first 12 months.
Separately, it notes GBP2.6 million gross proceeds from a subscription agreement for 2.5 million shares at 102p, announced in September.
Current share price: 98.55p on Monday on the Aquis Exchange
12-month change: multiplied from April listing price of 2.5p
By Holly Munks, Alliance News reporter
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