Business
Hot Rocks Investments plc: Agreement to acqui...
Hot Rocks Investments plc has agreed to acquire an additional 500,000 Class A ordinary shares in WeShop Holdings Limited, increasing its total interest to 537,500 shares, with WeShop trading on NASDAQ under the ticker WSHP. This acquisition involves the issuance of 99,000,000 new ordinary shares in Hot Rocks to the vendor, who will also receive 173,142,451 warrants and performance warrants, subject to a 29.9% ownership cap. Additionally, 4,200,000 fee shares will be issued. Following admission of these new shares, expected around December 10, 2025, Hot Rocks' enlarged share capital will comprise 347,841,110 ordinary shares. Disclaimer*
About this update from Hot Rocks Investments Plc
[{"type":"text","content":"\n \n \n \n\n\t\n\n\n\n\n\n\n\n\n\n\n\nHot Rocks Investments plc (HRIP)\n\n\n\n\n\n\nHot Rocks Investments plc: Agreement to acquire 500,000 WeShop Holdings Limited Class A Ordinary Shares 04-Dec-2025 / 09:14 GMT/BST\n\n\n4 December 2025\n\nHOT ROCKS INVESTMENTS PLC\n\n(the \"Company\" or “Hot Rocks”)\n\nAcquisition of 500,000 WeShop Holdings Limited shares (NASDAQ:WSHP)\n\nIssue of Equity\n\nHighlights:\n\nThe Company has agreed to acquire a further 500,000 WeShop Holdings Limited (“WeShop”) Class A ordinary shares (“WeShop Shares”)\n The Company already held 37,500 WeShop Shares \n The Company will have an interest in 537,500 WeShop Shares\n WeShop Shares trade on NASDAQ under ticker WSHP\nWeShop is a pioneering social commerce platform allowing users to shop from hundreds of top retailers whilst also allowing its community to recommend products and services with the potential to earn ownership in the business. Further information on WeShop can be found at www.we.shop.\n\nUniquely, WeShop has deposited over 50% of its shares into a trust to be distributed to shoppers and, subsequent to its listing on Nasdaq, has now launched its app in the US market. In the UK, WeShop already partners with major retailers such as John Lewis, eBay, Selfridges, British Airways, Temu and Shein offering access to thousands of brands and over 1.2 billion products.\n\nWeShop shares debuted on the NASDAQ capital market on Friday 14th November 2025.\n\nGavin Burnell, Managing Director of the Company said,\n\n\"Having closely followed the excellent progress demonstrated by WeShop with its operations and with its listing on NASDAQ, testament to the quality of the Board, Management Team and its Advisers, we are very pleased to be part of the WeShop story. WeShop could revolutionise shopping globally and 537,500 WeShop Shares is a significant position. \n\nHot Rocks maintains low overheads, has substantial positions relative to market value and has a net cash position. \n\nIn a short period of time the WeShop stock has traded up significantly with numerous press articles including references and comparisons to certain ‘Magnificent 7’ stocks - but with a new, disruptive and rewarding business model that gives back to the users and now functioning in a regulated environment through its direct listing on Nasdaq. Publicity already enjoyed by th...