TechFlow News: On April 21, UK-based Bitcoin treasury company The Smarter Web Company announced the completion of a private placement of 4,286,410 ordinary shares pursuant to a previously signed subscription agreement. The placement raised approximately £1.5374 million (roughly $2 million, before expenses), at a price of approximately £0.36 per share. The company expects to retain approximately 98.25% of the gross proceeds as net proceeds. As of now, 52,377,540 ordinary shares remain unissued under the current subscription agreement.
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