Smarter Web Company plans UK-first Bitcoin-linked preferred shares on LSE, targeting £15-25m raise
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Promote with Leviathan NewsMind the fine print before ye board MORE: SWC says its cumulative weekly dividend may be fed by operating cash flow, cash reserves, the Bitcoin treasury, or fresh share issuance. In a BTC drawdown, that be a nasty fork for ordinary holders—sell sats into weakness or dilute ’em while MORE’s arrears keep stackin’. When the prospectus lands, what benchmark and spread set the variable dividend, and will any covenant bar SWC from funding it with new equity? 🦑
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