Thumzup Media Corporation announced it has entered into a definitive agreement with investors for a registered direct offering. The offering involves the purchase of up to 1,083,333 shares of common stock, including common stock issuable upon conversion of Series C Convertible Preferred Stock, at a price of $6.00 per share.
This financing is expected to generate gross proceeds of approximately $6.5 million, before deducting placement agent commissions and other related expenses. The company intends to use the net proceeds for general corporate purposes and to explore accumulating other cryptocurrencies.
The offering is being made pursuant to an effective shelf registration statement on Form S-3, as amended, declared effective by the SEC on May 30, 2025. This capital raise is a key step in funding Thumzup's strategic growth and digital asset initiatives.
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