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The latest update is out from Smarter Web Company PLC ( (GB:SWC) ).
The Smarter Web Company PLC has placed 75,000 new ordinary shares under its existing subscription agreement, raising gross proceeds of £26,745 at roughly £0.36 per share, with the company set to receive about 98.25% of the funds after settlement. A substantial balance of 56,834,085 ordinary shares remains available under the agreement, meaning the company retains considerable capacity to raise further equity capital if required.
The announcement reiterates that Smarter Web Company is integrating a Bitcoin treasury policy into its broader growth strategy, leaving its financial position materially exposed to Bitcoin price movements. The board highlights the volatility, regulatory gaps and operational risks tied to Bitcoin, while maintaining that this approach is in the company’s interests, which has implications for investors who may face higher risk compared with traditional small-cap web services peers.
More about Smarter Web Company PLC
The Smarter Web Company PLC is a UK-based provider of web design, web development and online marketing services, operating on an initial fee plus recurring hosting and optional marketing charges. The company is pursuing both organic expansion and an acquisition-led strategy to grow its client base and recurring revenues, and it holds part of its treasury reserves and surplus cash in Bitcoin as a core strategic asset despite associated regulatory and market risks.
Average Trading Volume: 1,357,812
Current Market Cap: £122.4M
See more insights into SWC stock on TipRanks’ Stock Analysis page.