TechFlow, September 4 — According to a company announcement, The Smarter Web Company (AQUIS: SWC), a London-listed bitcoin treasury firm, has entered into a subscription agreement for 21 million new ordinary shares. The agreement was signed by Shard Merchant Capital Ltd and follows the same terms as the June 2025 subscription agreement.
The newly issued ordinary shares are expected to be listed on the Aquis exchange on September 9. The company stated that the issuance will yield approximately 97% of net sale proceeds. Upon completion of the issuance, the total number of issued ordinary shares will increase to 290,556,453, each with a nominal value of GBP 0.001. CEO Andrew Webley and his family's shareholding will be diluted from 10.17% to 9.44%.
