Key Takeaways
BlockchainReporter reports The Smarter Web Company plans an LSE preferred share listing to back its Bitcoin treasury strategy.
According to BlockchainReporter, The Smarter Web Company PLC announced on September 11, 2026, that it is preparing a possible initial public offering of a new class of perpetual preferred shares on the Main Market of the London Stock Exchange. The UK-listed digital services group, which holds Bitcoin as its primary treasury reserve asset, is targeting gross proceeds of between £15 million and £25 million, with a minimum raise of £10 million required.
Reported by BlockchainReporter, the new securities reserved under the ticker "MORE" would carry a cumulative variable-rate weekly preferential dividend, a liquidation preference, and a redemption right held by the company, but no voting rights. A general meeting of ordinary shareholders has been convened for September 28, 2026, to authorize the share class creation. The offering remains subject to Financial Conduct Authority approval.
Chief executive Andrew Webley stated the shares are the first of their kind in the UK. BlockchainReporter notes that the proceeds would support acquisitions of revenue-generating businesses, working capital, and the company's goal of growing Bitcoin per share over time.
Source & Fact-Check Note
This report is synthesized from coverage by BlockchainReporter. Information has been fact-checked and structured for market clarity by CoinQuickly’s research desk.
Read original article at BlockchainReporter ↗
