Thumzup Media prices $46.5 million public offering at $10 per share

LOS ANGELES - Thumzup Media Corporation (Nasdaq:TZUP) announced today the pricing of its confidentially marketed public offering at $10 per share, expected to generate gross proceeds of $46.5 million. The stock, which has delivered an impressive 350% return year-to-date according to InvestingPro data, currently trades near its 52-week high of $16.49.

The offering includes common stock and pre-funded warrants to purchase shares of common stock for certain investors. The transaction is expected to close on or about August 12, subject to customary closing conditions.

Thumzup plans to use the net proceeds to explore cryptocurrency and mining equipment acquisitions, as well as for working capital and general corporate purposes, according to the company’s press release.

Dominari Securities LLC is serving as the exclusive placement agent for the offering, which is being conducted under a shelf registration statement filed with the Securities and Exchange Commission in May 2025.

Thumzup operates a platform that allows users to earn cash for sharing branded content on social media. The company has also expanded its treasury strategy to include various cryptocurrencies beyond Bitcoin, such as Dogecoin, Litecoin, Solana, Ripple, Ether, and USD Coin. InvestingPro analysis reveals 12 additional key insights about the company’s performance and potential, including detailed financial health metrics and growth indicators.

The offering is being made pursuant to a shelf registration statement declared effective by the SEC on May 30, 2025. A preliminary prospectus supplement and accompanying base prospectus have been filed with the SEC.

The company noted that the final terms of the offering will be disclosed in a final prospectus supplement to be filed with the SEC.

In other recent news, Thumzup Media Corporation has made several strategic announcements that may interest investors. The company initially launched a public offering of Series D Non-Voting Convertible Preferred Stock but later revised the terms to include common stock and pre-funded warrants for certain investors. Thumzup plans to utilize the proceeds from this offering to explore cryptocurrency accumulation, mining equipment purchases, and for general corporate purposes. Additionally, the company’s Board of Directors has approved a significant diversification of its cryptocurrency portfolio, authorizing up to $250 million in various cryptocurrencies, expanding beyond its existing Bitcoin holdings. This new portfolio will include cryptocurrencies such as Ether, Solana, Ripple, Dogecoin, Litecoin, and the stablecoin USDC. These developments indicate Thumzup’s continued interest in expanding its crypto asset strategies. The company’s recent moves reflect a broader strategic shift towards digital asset accumulation and diversification.

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