Thumzup Media Corp. Secures $6.5 Million in Direct Offering to Fuel Growth and Cryptocurrency Strategy

Thumzup Media Corp. (NASDAQ: TZUP), a company at the forefront of digital asset accumulation and advertising innovation, has successfully entered into a definitive agreement to raise approximately $6.5 million through a registered direct offering. This financial move involves the sale of up to 1,083,333 shares of common stock at $6.00 per share, alongside the conversion of 179,500 shares of Series C Convertible Preferred Stock. The Series C shares come with specific conditions, including non-voting rights and beneficial ownership caps of 4.99% and 9.99%. The proceeds from this offering are earmarked for general corporate purposes and the potential accumulation of cryptocurrency, underscoring Thumzup's commitment to expanding its footprint in the digital and crypto spaces. Dominari Securities LLC has been named the sole placement agent for this transaction.

Thumzup's innovative approach to the advertising industry is embodied in its flagship product, the Thumzup platform, which revolutionizes how individuals engage with social media branding and marketing. By enabling users to earn cash for posting about participating advertisers on major social media platforms through the Thumzup App, the company is democratizing access to the multi-billion dollar advertising industry. Advertisers benefit from a programmatic dashboard that allows for customized campaigns, while users receive payments through digital systems like PayPal. This model not only disrupts traditional advertising mechanisms but also opens up new revenue streams for social media users.

The significance of this $6.5 million direct offering lies in its potential to accelerate Thumzup's growth and solidify its position in the competitive digital advertising and cryptocurrency markets. By securing substantial funding, Thumzup is well-positioned to enhance its platform, explore new cryptocurrency ventures, and further disrupt the advertising industry. This development is a testament to the company's innovative business model and its ability to attract significant investment, signaling confidence from the financial community in Thumzup's future prospects.