Thumzup Media Corporation announced it has commenced a best efforts public offering of shares of its newly designated Series D Non-Voting Convertible Preferred Stock. The company intends to use the net proceeds from this offering for exploring the accumulation of cryptocurrencies and mining equipment.
The proceeds will also be allocated to working capital and general corporate purposes. This proposed offering is subject to market conditions, with no assurance as to its completion, actual size, or terms.
Dominari Securities LLC is acting as the sole placement agent for the offering, which is being made pursuant to an effective shelf registration statement on Form S-3. This capital raise is a strategic move to fund Thumzup's expansion into the digital asset sector.
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