Smarter Web Doubles Down on Expansion with 21M New Shares Amid Bitcoin's Consolidation

The Smarter Web Company has signed a new subscription agreement to issue 21 million ordinary shares, doubling its fundraising strategy. The company will use the proceeds to strengthen its balance sheet and push ahead with expansion plans. Trading in the new stock is expected to begin on September 9, pending admission. The agreement is subject to safeguards and slightly dilutes director holdings. The share sale coincides with a cooling period in the Bitcoin market, which is trading near $112,000. Analyst Axel Adler Jr. believes the market is in a "repair phase," with short-term holder realized price at $107,600 as key support.

The Smarter Web Company has announced a new subscription agreement to issue 21 million ordinary shares, doubling its fundraising strategy. The company will use the proceeds to bolster its balance sheet and accelerate expansion plans. Trading in the new stock is expected to commence on September 9, pending admission to the Aquis Stock Exchange [1].

The agreement, signed on September 3 with Shard Merchant Capital Ltd., will see the shares issued at par value. The deal is subject to two safeguards: the share price cannot fall below the previous day’s closing bid, and daily trading volume must remain below 20% of overall activity. Smarter Web will receive approximately 97% of the net proceeds, which will be directed towards growth initiatives [1, 2].

The new issuance will slightly dilute the holdings of existing directors. CEO Andrew Webley and his family will see their stake fall from 10.17% to 9.44%, while other directors will also experience marginal cuts [1, 2]. However, the company believes the dilution is balanced by the capital inflow, which will provide flexibility for both organic and acquisition-driven growth.

Smarter Web provides web design, hosting, and online marketing services, with revenue generated from upfront fees, annual hosting, and optional marketing support. The company is also targeting acquisitions to expand its client base. Since 2023, Smarter Web has accepted Bitcoin payments and has adopted a Bitcoin Treasury Policy as part of its 10-year plan [1, 2].

The share sale coincides with a cooling period in the Bitcoin market, with BTC trading near $112,000. Analyst Axel Adler Jr. believes the market is in a "repair phase," with the short-term holder realized price at $107,600 as key support [1]. Meanwhile, the data from Glassnode shows investors have accumulated heavily in the $108,000-$116,000 range, filling the "air gap." However, futures flows and ETF demand have slowed. A push above $116,000 could revive momentum, while a break below $104,000 risks a slide toward $93,000-$95,000 [1].

Recent developments have strengthened Smarter Web’s position. On September 1, the company appointed Albert Soleiman as CFO and executive director, reflecting its focus on strengthening governance and financial management as it scales operations. Additionally, the company’s community presence has grown significantly, now including more than 4,200 members [1, 2].

Investors will now watch how effectively management deploys the proceeds from the subscription agreement. With new capital secured and growing community support, Smarter Web positions itself for its next stage of expansion.

References:
[1] https://finance.yahoo.com/news/smarter-company-goes-big-21m-102232666.html
[2] https://coinfomania.com/smarter-web-company-signs-new-21m-share-subscription-agreement/