According to CoinMeta, the British Bitcoin treasury company The Smarter Web Company (LSE: SWC) announced that the shareholders' meeting has passed three resolutions related to MORE preferred stocks, including amendments to the company's articles of association and authorization for directors to issue and repurchase preferred stocks. Over 99.8% of the votes were in favor, and the new articles of association have now taken effect. The company previously stated its intention to promote the listing of MORE on the main board of the London Stock Exchange IPO, with a target of raising 15 million to 25 million pounds (approximately 20.3 million to 33.8 million US dollars). MORE will have cumulative floating weekly preferred dividends, liquidation preferences, and the company's right to redeem, but no voting rights at the shareholders' meeting. The funds raised will be used for business acquisitions, general working capital, and the Bitcoin treasury strategy. This approval does not mean that the IPO process is complete; further approval from FCA is still required, as well as meeting the relevant listing conditions.