Thumzup Media will conduct a directed issuance of $6.5 million, and the raised funds will be used to increase its holdings in Crypto Assets.

On July 1, Thumzup Media Corporation (NASDAQ: TZUP) is a company with a market capitalization of approximately $65.7 million. According to InvestingPro, its stock price has risen by more than 100% over the past six months. The company announced on Monday that it has reached a final agreement with investors to conduct a $6.5 million registered direct offering. Under the terms of the agreement, investors will subscribe for up to 1,083,333 shares of common stock at a price of $6.00 per share, including shares that can be converted from Series C convertible preferred stock. This issuance includes 179,500 shares of non-voting Series C preferred stock, with beneficial ownership limitations set at 4.99% and 9.99%. Thumzup stated that the funds raised will be used for general corporate purposes and will explore opportunities to further increase its holdings in Crypto Assets. The exclusive placement agent for this issuance is Dominari Securities LLC. The issuance will be conducted pursuant to an effective shelf registration statement on Form S-3 that was announced by the SEC on May 30, 2025. Thumzup positions itself as a "digital asset accumulator," connecting advertisers with social media users, who can earn cash rewards by posting content about collaborating advertisers.