Smarter Web Eyes £25M Preferred Shares IPO to Fuel Its Bitcoin Strategy
TL;DR:
- Projected fundraising: The company seeks to raise between £15M and £25M via a new class of perpetual preferred shares under the ticker MORE.
- Minimum operational threshold: The process requires a minimum raise of £10M and at least three registered market makers to secure market admission.
- Corporate reserves: The firm holds a balance of 2,878 BTC as of mid-2026 and retains £132.5M in distributable reserves following a High Court-approved capital reduction.
The Smarter Web Company announced its intention to structure an initial public offering of preferred shares on the Main Market of the London Stock Exchange. The transaction is designed to support its corporate accumulation model for Bitcoin.
RNS Announcement: Expected Intention to Float Pref Share & GM Notice
Please read the RNS on our website (link in comments).
LSE: #SWC | OTCQB: $TSWCF | FRA: $3M8 pic.twitter.com/5RyDURBb7B
- The Smarter Web Company (@smarterwebuk) September 11, 2026
The proposal involves issuing perpetual instruments denominated in British pounds. According to the regulatory disclosure issued by the company, the securities will trade under the reserved ticker MORE and will be accessible to both UK institutional funds and retail investors via partner platforms.
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