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LONDON - Hot Rocks Investments plc (HRIP) has acquired an additional 100,000 warrants in The Smarter Web Company plc (AQUIS:SWC) for £1 per warrant, according to a press release issued Friday.
The warrants give Hot Rocks the right to subscribe for new ordinary shares in SWC 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.
With this acquisition, Hot Rocks now holds a total of 260,000 SWC warrants. The purchase was made using company treasury resources.
Additionally, Hot Rocks has acquired 1,000,000 shares in Tap Global Group plc (AQUIS:TAP), a digital finance company that offers money payments and cryptocurrency settlement services through a mobile app.
The press release noted that TAP announced its intention to apply for admission to the AIM Market of the London Stock Exchange (LON:LSEG), with dealings expected to commence on June 27, 2025.
Gavin Burnell, Managing Director of Hot Rocks Investments, stated: "We are pleased to increase our position in The Smarter Web Company and to gain exposure to another well-performing company in the digital assets space."
Hot Rocks Investments currently holds equity and/or warrant positions in 24 entities across various sectors including energy, minerals, digital assets, and web-based businesses.
The company’s directors indicated they continue to evaluate opportunities to diversify and add value for shareholders.
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