Street Calls of the Week
Thumzup Media Corp (NASDAQ:TZUP) announced that its board of directors has unanimously approved the extension of the company’s open trading window for repurchasing its common stock on the open market through September 30, 2025. The decision was made on Monday.
According to a statement in the company’s recent SEC filing, the board also approved the extension of any future open trading windows through the last day of each fiscal quarter, should the company choose to continue the program.
Thumzup Media’s common stock, with a par value of $0.001 per share, is listed on The Nasdaq Stock Market, LLC. The company is incorporated in Nevada and is classified under services related to computer processing and data preparation.
The announcement was made in a press release statement included in the company’s current report on Form 8-K filed with the Securities and Exchange Commission.
In other recent news, Thumzup Media Corporation has made significant strides in the cryptocurrency sector. The company announced a $50 million expansion into crypto mining, following a successful capital raise. This expansion will focus on energy-efficient mining infrastructure and enhancing their Digital Asset Treasury. Thumzup also revealed plans to acquire Dogehash Technologies in an all-stock transaction, aiming to transform into a Dogecoin mining-focused entity named Dogehash Technologies Holdings, Inc.
In addition, Thumzup has purchased approximately 7.5 million Dogecoin tokens valued at around $2 million, amid anticipation of Dogecoin exchange-traded funds. The company has also expanded its strategic relationship with Coinbase to further its cryptocurrency accumulation and mining strategy. Furthermore, Alex Hoffman, Head of Ecosystem at DogeOS, has been appointed to Thumzup’s new Crypto Advisory Board to bolster their focus on digital assets. These developments highlight Thumzup’s aggressive strategy in the evolving cryptocurrency landscape.
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