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LONDON - Hot Rocks Investments plc (HRIP) announced Tuesday it has acquired an additional 40,000 warrants over new ordinary shares of The Smarter Web Company plc (AQUIS:SWC) for £1 per warrant.
The warrants give Hot Rocks the right to subscribe for new ordinary shares in The Smarter Web Company at 2.5p per warrant. This right becomes exercisable 12 months after SWC’s admission to trading on AQUIS and remains valid for two years thereafter.
Following this acquisition, Hot Rocks now holds a total of 300,000 SWC warrants.
The Smarter Web Company is a UK-based web design agency that trades under the ticker SWC on Aquis and TSWCF on the OTCQB Venture Market in the United States.
Gavin Burnell, Managing Director of Hot Rocks Investments, stated in the press release: "We are pleased to increase our position in The Smarter Web Company and thus our exposure to a company at the forefront of the UK listed entity digital assets space."
Hot Rocks Investments maintains positions in multiple companies across various sectors. According to the announcement, the company currently holds equity and/or warrant positions in 27 entities, including Cel AI plc, Phoenix Digital Assets plc, and Tap Global Group plc.
The company indicated that its directors continue to seek opportunities to diversify and add value for shareholders.
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