Hot Rocks Investments Acquires Significant Stake in WeShop

Hot Rocks Investments plc has announced an agreement to acquire an additional 500,000 Class A Ordinary Shares of WeShop Holdings Limited, bringing its total holdings to 537,500 shares. These shares are traded on NASDAQ under the ticker WSHP. WeShop is a social commerce platform that allows users to shop from leading retailers while earning ownership in the company. The acquisition highlights WeShop’s potential for disruptive impact in the shopping sector.

As part of the acquisition, Hot Rocks will issue 99,000,000 new ordinary shares to Sidney PTC Limited, the vendor. Additionally, warrants with a five-year life have been issued, along with performance warrants based on specific share price and market value thresholds of WeShop. These measures ensure that the vendor's shareholding remains below 29.9%.

Hot Rocks emphasizes its support for WeShop’s innovative business model and its ongoing public recognition. The company maintains low overheads and strong market positions, reinforcing its commitment to advancing retail transformation.