The Smarter Web Company has raised £41.20 million by placing new shares
2025-06-26 06:23:25
On June 26, according to an official announcement, The Smarter Web Company, a UK-listed company, announced that it has completed a placement activity for institutional investors through Tennyson Securities and Peterhouse Capital Limited. The placement and subscription activity has raised approximately £41.20 million (before fees) by issuing a total of 14,221,623 new ordinary shares with a par value of £0.001 each at a price of £2.90 per share. It is expected that the listing of the new ordinary shares will take effect at 08:00 on or around July 1, 2025.
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