Thumzup (NASDAQ: TZUP), a digital asset accumulator and advertising industry disruptor, has signed a definitive agreement with investors to raise approximately $6.5 million through a registered direct offering. The deal includes up to 1,083,333 shares of common stock at $6.00 per share, including common stock issuable upon conversion of 179,500 shares of Series C Convertible Preferred Stock. The Series C shares are non-voting and subject to 4.99% and 9.99% beneficial ownership caps. Net proceeds will support general corporate purposes and potential cryptocurrency accumulation. Dominari Securities LLC is the sole placement agent.
To view the full press release, visit https://ibn.fm/oOVk2
About Thumzup(R)
Thumzup Media Corporation is democratizing the multi-billion dollar social media branding and marketing industry. Its flagship product, the Thumzup platform, utilizes a robust programmatic advertiser dashboard coupled with a consumer-facing App to enable individuals to get paid cash for posting about participating advertisers on major social media outlets through the Thumzup App. The easy-to-use dashboard allows advertisers to programmatically customize their campaigns. Cash payments are made to App users/creators through PayPal and other digital payment systems.
Thumzup was featured on CBS Los Angeles and in KTLA.
NOTE TO INVESTORS: The latest news and updates relating to TZUP are available in the company’s newsroom at https://ibn.fm/TZUP
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