The Smarter Web Company plans to issue perpetual preferred shares under the ticker MORE, according to Bitcoin News cited by ChainCatcher. The company is targeting fundraising of £15 million to £25 million, with a minimum raise of £10 million. Admission for listing requires backing from three market makers.
Holders of the preferred shares would be entitled to cumulative weekly dividends and liquidation preference, but they would not receive voting rights. The company would also retain the option to redeem the shares.
As of mid-2026, SWC held 2,878 BTC. The report added that, following a court-approved capital reduction by the High Court, the company had £132.5 million in distributable reserves available for payments.
The Smarter Web Company is planning to issue perpetual preferred shares under the ticker MORE, according to Bitcoin News as cited by ChainCatcher. The company is seeking to raise between £15 million and £25 million, with a minimum fundraising size of £10 million.
Listing conditions and shareholder rights
Admission for listing requires support from three market makers. Holders of the preferred shares would receive cumulative weekly dividends and liquidation preference, but they would not have voting rights. The company would also be able to redeem the shares.
BTC holdings and distributable reserves
As of mid-2026, SWC held 2,878 BTC. The report also said that after the High Court approved a capital reduction, the company had £132.5 million in distributable reserves available for payment.
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