The Smarter Web Company plans to issue perpetual preferred shares under the ticker MORE on the London Stock Exchange's main market, targeting £15 million to £25 million. The offering will not proceed if subscriptions fall below £10 million and requires participation by at least three market makers. The shares would pay cumulative floating weekly dividends, rank ahead of ordinary shares in a liquidation and carry no voting rights, while the company would retain a redemption right. SWC holds 2,878 Bitcoin. After the High Court approved a £210 million reduction in share premium in July, the company had about £132.5 million in distributable reserves available for dividend payments. Shareholders are due to vote on the proposal on Sept. 28, and the prospectus still requires approval from the Financial Conduct Authority.