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The Smarter Web Raises GBP2 Million Under Stock Subscription Deal

MT Newswires·09/28/2026 05:22:23
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05:22 AM EDT, 09/28/2026 (MT Newswires) -- The Smarter Web Co. (SWC.L) raised 1.9 million pounds sterling through the sale of 2,710,442 shares under a subscription agreement disclosed in December 2025. The British web design, development and online marketing services company said Monday that 41,213,788 shares are yet to be placed under the agreement. Net proceeds will be used to reduce the outstanding amount under its strategic credit facility with Coinbase to 19 million pounds from 20.8 million pounds.