Overview

• Smarter Web’s zero-coupon convertible bond raised $21 million in a fully subscribed offering
• Investors can convert bonds into company shares at a 5 percent premium over the reference price
• Non-conversion triggers 98 percent repayment of the bond’s value tied to Bitcoin’s price at maturity
• The deal marks a strategic shift from traditional equity raises to structured crypto-linked financing
• Smarter Web plans to issue additional tranches of Bitcoin-denominated bonds to other institutional investors