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LONDON - The Smarter Web Company PLC, previously known as Uranium Energy (NYSE:UEC) Exploration PLC, announced today the commencement of trading of its ordinary shares on the Aquis Stock Exchange. The shares, under the ticker "SWC," began trading following a successful fundraising effort that generated over £1 million through a combination of a retail offer, placing, and subscription at an initial public offering (IPO) issue price of 2.5p per share.
The company’s transition to the Aquis Stock Exchange aligns with its strategic shift towards digital services, including web design, development, and online marketing. Additionally, The Smarter Web Company has integrated a Digital Asset Treasury Policy into its business operations, which involves the incorporation of Bitcoin.
CEO Andrew Webley, who contributed £40,000 to the fundraising at the IPO issue price, expressed confidence in the company’s business model and its potential to deliver substantial returns to shareholders. Webley also acknowledged the support of new investors and the efforts of all involved in the company’s transition to the Aquis Stock Exchange.
As of today, The Smarter Web Company has 146,901,357 ordinary shares in issue, resulting in a market capitalization of approximately £3.7 million at the IPO issue price. The name change from Uranium Energy Exploration PLC to The Smarter Web Company PLC is expected to be processed shortly, with a further announcement to confirm the change.
The Smarter Web Company’s business model focuses on organic growth opportunities through its established services and an acquisition strategy to accelerate expansion. Since 2023, the company has accepted Bitcoin as payment, reflecting its belief in the cryptocurrency’s role in the future global financial system.
This announcement is based on a press release statement and does not constitute an offer to sell or a solicitation of an offer to buy any securities in any jurisdiction where such offer or solicitation would be unlawful. The information provided is for background purposes only and does not purport to be full or complete.
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