Business
OTCQB Application and Holdings after Fundraising
OTCQB Application and Holdings after Fundraising.
About this update from Smarter Web Company Plc
[{"type":"text","content":"\n\n13 May 2025\n \nThe Smarter Web Company PLC\n(\"The Smarter Web Company\" or \"Company\")\n \nOTCQB Application Submitted\n \nResultant Directors' Holdings after Fundraising\n \nThe Smarter Web Company (AQUIS: SWC) is pleased to announce that it has submitted an application to the OTC Markets Group for its ordinary shares to be cross-traded publicly on the OTCQB Market in the United States.\n \nSubject to approval, this listing would enable greater accessibility for North American investors and marks a significant step in expanding the Company's international presence.\n \nThis initiative aligns with the Company's strategic goal of delivering shareholder value and increasing its global profile.\n \nThe decision follows numerous enquiries and expressions of interest from U.S. based investors seeking the ability to invest in the Company.\n \nThe cross-trading on the OTCQB is expected to open new avenues for shareholder growth and broaden our investor base across a key global market.\n \nIt is expected that approval and admission to trading will take approximately 30 working days from the date of this announcement. A further announcement will be made in due course.\n \nAndrew Webley, CEO of The Smarter Web Company said: \"While our core focus remains on building a strong, UK-based business, we are seeing global interest in our Company.\n \nEnabling access for North American investors through the OTCQB is a natural step in broadening our reach.\n \nWe are committed to delivering long-term shareholder value and believe that improving accessibility to our shares globally makes this a strategically sound and timely initiative.\n \nWe've already become the most liquid stock on the Aquis Exchange in our short time as a public company, and this cross-trading arrangement is expected to enhance that liquidity even further.\"\n \nDirectors Share Holdings\n \nFollowing a successful fundraise, announced on 08 May 2025, the Company announces updated percentages relating to the Directors' share holdings. The fundraise resulted in an 8.71% dilution for existing shareholders, including the Directors, offset by a capital injection of approximately £2.24 million (before expenses).\n \n\n\n\n\nName\n\n\nHolding Before\n\n\nHolding After\n\n\n% Before\n\n\n% After\n\n\...