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Smarter Web Livestream — 17 September 2026 Smarter Web CEO Andrew Webley (@asjwebley) and Miller Cole (@MillerC0le) host a shareholder session on the latest developments at Smarter Web. In this conversation: - MORE — the expected intention to float preferred shares on the LSE Main Market - mNAV — how the company thinks about Fully Diluted EV vs BTC Value, Bitcoin per share, and why the current premium matters for capital allocation - Bitcoin — the recent tape, whether the worst of the price action is behind us, and how that sits against the 10-Year Plan - Team — what shareholders can see from outside the building - Rest of 2026 — the path from here - Closing remarks for shareholders 00:00 - Welcome 01:24 - Friday’s announcement and the IPO process 03:29 - A UK preferred: Strategy, STRC and SATA 05:08 - First weekly dividend on the London Stock Exchange 06:46 - Clean capital structure and two equities 08:23 - Bitcoin Treasury 2.0 and growing Bitcoin per share 11:43 - Asset vs cost of capital: why the preferred works 14:17 - The sterling carry trade 15:15 - mNAV, ~10% Bitcoin yield and why a premium can make sense 22:52 - ATM: sell only at the right price 25:08 - Bitcoin price action and the macro tape 27:45 - Bitcoin vs gold, UK fiscal stress and education 30:36 - Team, finance function and Squarebird 35:15 - Rest of 2026: growing the balance sheet and FTSE 250 40:13 - Closing remarks for shareholders Follow the conversation: Andrew Webley — https://x.com/asjwebley Miller Cole — https://x.com/MillerC0le Smarter Web — https://x.com/smarterwebuk Please note: this is a discussion of publicly available information. It is not an offer of securities and is not financial advice. The possible IPO of MORE Preferred Shares remains subject to FCA approval of a prospectus, shareholder approval and other conditions set out in the 11 September 2026 announcement. LSE: SWC | OTCQB: TSWCF | FRA: 3M8 https://www.smarterwebcompany.co.uk