Thumzup Media Corporation (NASDAQ: TZUP) has entered into a definitive agreement to raise approximately $6.5 million through a registered direct offering, selling up to 1,083,333 shares of common stock at $6.00 per share and converting 179,500 shares of Series C Convertible Preferred Stock. This financial strategy is aimed at general corporate purposes and the potential accumulation of cryptocurrency, highlighting the company's dedication to advancing in the digital economy. Dominari Securities LLC serves as the sole placement agent for this offering.
The Thumzup platform, the company's flagship product, is transforming the advertising industry by allowing individuals to earn cash for promoting participating advertisers on social media through the Thumzup App. This innovative model provides advertisers with a programmatic dashboard for campaign customization and compensates users via PayPal and other digital payment methods, offering a new monetization avenue for content creators. The platform's success has been recognized by major media outlets, including CBS Los Angeles and KTLA, underscoring its impact on digital advertising.
This direct offering is a critical milestone for Thumzup as it aims to strengthen its position in the digital advertising and asset accumulation sectors through its unique platform and cryptocurrency strategy.
