Thumzup Media Corporation announced its common stock was approved for listing on The Nasdaq Capital Market, with trading commencing on October 29, 2024, under the existing ticker symbol 'TZUP'. This uplisting provides the company with increased visibility and access to a broader investor base.
Concurrently with its Nasdaq listing, Thumzup priced an underwritten public offering of 1,425,000 shares of common stock at $5.00 per share. The offering is expected to close on October 30, 2024, providing the company with significant capital.
The company also granted underwriters a 45-day overallotment option to purchase up to an additional 213,750 shares. This capital infusion is intended to support Thumzup's ongoing growth and strategic initiatives in social media branding and marketing solutions.
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