The Smarter Web Company PLC has launched a voluntary purchase offer for its existing Pre-IPO Warrants, offering holders the option to exit at a discount.
Under the terms, warrant holders can receive 22.5p per warrant in cash, representing an approximate 14% discount to the net value based on a 28.70p reference share price less the 2.5p exercise price. The warrants are exercisable between 24 April 2026 and 28 April 2028.
The company plans to repurchase up to 49,000,000 warrants, funded through approximately £11 million of new debt drawn from its Coinbase Strategic Credit Facility.
Major shareholder 210k Capital L.P. has indicated it will participate, tendering its 39,000,000 warrants, while the CEO and other directors will not take part in the offer.
The initiative is aimed at simplifying the company’s capital structure, reducing potential market overhang, and providing liquidity to existing warrant holders.
Closing Date
The Voluntary Purchase Offer will remain open until 17:00 (UK time) on Wednesday 08 April 2026 (“Offer Deadline”).
All Warrant Holders eligible for this offer will shortly receive an email to request acceptance documents to complete, should they wish to accept this offer. Warrant Holders who wish to accept this offer and do not receive this email today are able to contact the Company by email at ir@smarterwebcompany.co.uk.
The Company will further update shareholders through a regulatory announcement following the Offer Deadline.
