The Smarter Web Company PLC (LSE: SWC) is preparing a possible initial public offering of perpetual preferred shares on the London Stock Exchange’s Main Market, targeting gross proceeds of £15 million to £25 million. At least £10 million must be raised for the listing to proceed. The proposed securities, reserved under the ticker MORE, would pay a cumulative variable-rate weekly preferential dividend and include liquidation preference and a company-held redemption right, but would carry no voting rights. Shareholders will consider authorising the new class at a general meeting on 28 September 2026. The potential offering remains subject to Financial Conduct Authority approval of a prospectus and is not guaranteed to proceed. The company, which serves more than 500 clients, says proceeds would support acquisitions, working capital and its objective of increasing Bitcoin per share while maintaining its Bitcoin treasury strategy.