Company Plans Perpetual Preferred Share Offering Under MORE Ticker

The company plans to issue perpetual preferred shares under the ticker MORE, targeting to raise 15 million to 25 million pounds, with a minimum fundraising size of 10 million pounds. According to Odaily, the shares will require support from three market makers for listing admission. Holders will receive cumulative weekly dividends and liquidation priority, but no voting rights, and the company may redeem the shares. By mid-2026, SWC held 2,878 bitcoins, and after a capital reduction approved by the High Court, the company had 132.5 million pounds in distributable reserves available for payment.