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Deep Tide TechFlow News, April 21 — The Smarter Web Company, a Bitcoin treasury company in the UK, announced that it has completed a private placement of 4,286,410 common shares under the previously signed subscription agreement.
The total funds raised from this placement amount to approximately £1.54M (about $2M USD, excluding fees), equivalent to approximately £0.36 per share.
The company expects to achieve a net profit of about 98.25%.
Currently, the remaining common shares not yet allocated under the subscription agreement amount to 52,377,540 shares.