London-listed technology company The Smarter Web Company has placed 2,710,442 ordinary shares under the terms of its subscription agreement, according to ChainCatcher. The placing generated gross proceeds of £1,891,933 before expenses, which works out to about £0.7 per share. The company is set to receive about 98.25% of the proceeds as settlement. After the transaction, 41,213,788 ordinary shares remain unplaced under the subscription agreement. The update focuses on the share placement terms, the gross amount raised, the implied per-share price, and the remaining balance of ordinary shares still available under the agreement.
London-listed technology company The Smarter Web Company has placed 2,710,442 ordinary shares under the terms of its subscription agreement, according to ChainCatcher.
The placing raised gross proceeds of £1,891,933 before expenses, equal to about £0.7 per share. The company will receive about 98.25% of the proceeds as settlement.
Under the subscription agreement, 41,213,788 ordinary shares remain unplaced.
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