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Public company Thumzup announces a $6.5 million sign up direct issuance to explore accumulating more Crypto Assets.
PANews July 1 news, according to investing.com report, Nasdaq-listed Thumzup Media Corporation (NASDAQ: TZUP) announced on Monday that it has reached a final agreement with investors to conduct a $6.5 million registered direct issuance. According to 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, which includes shares that may be issued upon conversion of Series C convertible preferred stock. Thumzup intends to use the proceeds for general corporate purposes and explore accumulating more Crypto Assets.