Core Points - Thumzup Media Corporation has entered into a definitive agreement to purchase up to 1,083,333 shares of common stock at a price of $6.00 per share, aiming for gross proceeds of approximately $6.5 million before expenses [1] - The offering includes the issuance of 179,500 shares of Series C Convertible Preferred Stock, which are non-voting and have beneficial ownership limitations of 4.99% and 9.99% [1] - The net proceeds from the offering will be used for general corporate purposes and to explore accumulating other cryptocurrencies [1] Company Overview - Thumzup Media Corporation is focused on democratizing the social media branding and marketing industry, which is valued in the billions [4] - The company's flagship product, the Thumzup platform, allows users to earn cash for posting about participating advertisers on social media through a user-friendly app [4] - Advertisers can customize their campaigns using a programmatic advertiser dashboard, and payments to users are facilitated through digital payment systems like PayPal [4]
Thumzup Media Corporation Announces $6.5 Million Financing at $6.00 Per Share