London-listed technology company The Smarter Web Company said it has raised about £592,679 in gross proceeds since Oct. 14 through sales made under its common share ATM facility and preferred share ATM facility. According to the company’s announcement, it sold a total of 1,076,000 common shares and 25 preferred shares over the period.
The filing said the common shares were sold at an average price of £0.55 per share, generating about £579,850 in net proceeds. The preferred shares were sold at an average price of £100 per share, with net proceeds of about £2,475. The update was cited by ChainCatcher in a brief news item published on Oct. 22.
The company did not disclose additional details in the provided text beyond the number of shares sold, the average sale prices, and the proceeds raised through the two ATM facilities.
London-listed technology company The Smarter Web Company said it has sold shares through its common share ATM facility and preferred share ATM facility since Oct. 14, raising total gross proceeds of about £592,679.
Breakdown of the share sales
According to the company’s announcement, the sales included 1,076,000 common shares and 25 preferred shares.
The common shares were sold at an average price of £0.55 each, bringing in about £579,850 in net proceeds. The preferred shares were sold at an average price of £100 each, with net proceeds of about £2,475.
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