Thumzup Media Corporation Announces Closing of $6.5 Million Registered Direct Offering of Series C Preferred Stock at $60.00 Per Share (The Functional Equivalent of $6.00 Per Share of Common Stock)

Core Viewpoint - Thumzup Media Corporation has successfully completed a registered direct offering of Series C Convertible Preferred Stock, raising approximately $6.04 million for general corporate purposes and potential cryptocurrency accumulation [1][2]. Group 1: Offering Details - The offering involved the sale of 108,333 shares of Series C Convertible Preferred Stock, convertible into a total of 1,083,333 shares of common stock at a price of $60.00 per share of Series C, equivalent to $6.00 per share of common stock [1]. - Each share of Series C converts into 10 shares of common stock, and the Series C is non-voting with conversion limitations of 4.99% or 9.99% beneficial ownership [1]. - Dominari Securities LLC acted as the sole placement agent for the offering, which was conducted under an effective shelf registration statement [3]. Group 2: Use of Proceeds - The net proceeds from the offering, approximately $6.04 million, will be utilized for general corporate purposes and to explore the accumulation of other cryptocurrencies [2]. Group 3: Company Overview - Thumzup Media Corporation is focused on democratizing the social media branding and marketing industry, offering a platform that allows users to earn cash for posting about participating advertisers [5]. - The Thumzup platform features a programmatic advertiser dashboard and a consumer-facing app, facilitating cash payments to users through digital payment systems [5].