The Smarter Web Company (
#SWC $TSWCF $3M8.F) RNS Announcement: Smarter Convert - $21 Million Subscription.
The Smarter Web Company is pleased to announce the launch of Smarter Convert, a strategic, interest free capital-raising initiative structured as a convertible bond, denominated in Bitcoin. This innovative instrument has been fully subscribed by TOBAM for $21 million, a respected institutional investor and independent, employee-owned asset management firm founded in 2006 by Yves Choueifaty.
@asjwebley said "We have been building our Bitcoin-backed balance sheet with laser focus, and today’s announcement marks yet another first for the UK capital markets. I am grateful to Yves and his team for their collaboration and support in bringing this innovative structure to life. We believe that this new structure will open up a new segment of capital for the Company and complement our existing funding strategies as we pursue our ambition to make The Smarter Web Company into one of the largest publicly listed companies in the UK."
Please read the RNS on our website:
investors.smarterwebcompany.…