IN BRIEF: Smarter Web to raise GBP15 million via institutional placing
The Smarter Web Company PLC - Surrey, England-based provider of web design - announces a placing by Tennyson Securities and Peterhouse Capital Ltd to institutional investors at 180 pence per share. The accelerated bookbuild aims to raise a minimum of GBP15 million. Smarter Web says its growth strategy is focused on: organic growth opportunities around existing, established services; an acquisition strategy intended to accelerate scale; and the adoption of a bitcoin treasury policy into its strategy.
Current stock price: USD2.68, up 4.3% in London on Friday
12-month change: nearly trebled
By Jeremy Cutler, Alliance News reporter
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