The Smarter Web Company issues 2.71M shares, raises £1.89M
- —2,714,422 ordinary shares allotted at about £0.70 each
- —Gross proceeds of roughly £1.89 million before expenses
- —Company receives about 98.25% of the proceeds in settlement
- —41,213,788 ordinary shares remain unallotted under the agreement
Why it matters: The company pairs web services with a bitcoin treasury strategy, so further share issuances affect its ability to keep accumulating BTC.
Source: TokenPost