The Smarter Web Company Raises $10.7 Million From Notable Investor and High-Net-Worth Individual

CN
4 hours ago

The Placing, conducted with a well-known institutional investor, generated about $6.9 million (£5,250,000), while a Subscription with a high-net-worth individual investor contributed $3.8 million (£2,867,860), both at the closing bid price on August 1, 2025. The funds were raised through the issuance of 3,959,906 new ordinary shares at £2.05 per share. Admission of the new ordinary shares is expected to become effective at 08:00 on or around August 7, 2025, and the shares will rank pari passu with existing ordinary shares, entitling them to all dividends and distributions declared after the date of issue.

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